Local News in Brief : Insurance Agent Faces Added Charges
State investigators have filed grand theft and fraud charges against a Gardena insurance agent who allegedly used a fictitious company to sell bogus car insurance policies.
Larry Guerrero Wasan, 50, faces seven felony charges for collecting more than $5,000 from four customers who bought policies from a nonexistent company called AMCASCO, said a complaint filed in South Bay Municipal Court. Customers did not realize they had been duped until their claims were not paid, according to a report filed with the charges.
In the past two years, at least 30 other customers, most of them Filipinos, bought insurance from the bogus company, said Investigator Xiomara De Oliver of the state Department of Insurance.
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