VENTURA : Ex-Insurance Agent Charged With Theft
Ventura County Dist. Atty. Michael D. Bradbury has filed grand theft charges against a former Ventura insurance agent who is accused of bilking $2,622 from two elderly people.
Dennis Hollowed, 46, will be arraigned in Ventura County Municipal Court on March 23.
Hollowed was an independent agent for Standard Life and Accident Co. of Texas, selling health insurance policies to Ventura County residents to cover medical treatments not covered by Medicare, Deputy Dist. Atty. Jeff Bennett said.
In mid-1991, he contacted a 78-year-old Santa Paula man and a 69-year-old Camarillo man, and told them he would take out new policies for them, Bennett said.
But instead, Hollowed took their money and used it for his own expenses, Bennett said.
Standard Life fired Hollowed later that year for misappropriation of client funds, he said.
The charges, which are the result of an investigation by the Ventura Police Department, carry a maximum penalty of three years and eight months in prison.
If Hollowed is convicted, he will be forced to repay the two men, Bennett said.
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