Massachusetts Insurance Agency CEO Charged in $270K Insurance Fraud Scheme

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The president and ceo of a taunton, mass., insurance organisation has been indicted in connection with an alleged embezzlement scheme that left customer agencies uninsured.

David pietro of sandwich, mass., and his agency, dgp miles insurance corporation of taunton, had been indicted the day past through a statewide grand jury on costs of larceny over $250 – 5 counts each. He might be arraigned in bristol advanced court at a later date.
The massachusetts attorney widespread’s workplace alleges pietro, an authorized coverage broker, accrued coverage rates from customers via dgp and failed to remit the charges payments to their insurance vendors.

Because of the alleged embezzlement of these charges, his consumer groups had various business coverage policies cancelled and had been left uninsured.

In overall, the ag’s office alleges pietro stole $270,423.65 in charges from client groups.

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