The "Farmers Insurance News-Alert" website is dedicated to providing the consumer and general public with detailed information concerning the Farmers Insurance Group. This includes fraud reports, consumer complaints, lawsuit's and other legal actions taken against this company. All information contained herein is for educational purposes only. Original sources, when known are sited.
INSURANCE FRAUD AND GRAND THEFT CHARGES RESULT
SACRAMENTO -- A former insurance claims analyst and her co-conspirator surrendered to Department of Insurance (DOI) Fraud Investigators yesterday after charges were filed against the pair for alleged insurance fraud and grand theft.
Roseville resident Renee Mahood, 42, a former claims analyst with Farmers Insurance Company and Chris D. Alexander, 41, of Fair Oaks, surrendered to fraud officials on January 28, 1998. They were booked into the Sacramento County Jail and have each been charged with one count of insurance fraud and one count of grand theft. Bail is set at $5,000 for both suspects. If convicted, Mahood and Alexander could face up to five years in prison and/or a maximum fine of $50,000.
DOI Fraud Investigators' records show that between December 18, 1996 and March 18, 1997, Mahood allegedly used her position as a Farmers claims analyst to generate insurance drafts to Alexander. Mahood allegedly used actual Farmers Insurance Company's automobile claims files in generating the drafts.
According to investigators, once Alexander received the alleged insurance drafts, he would either deposit the checks into his personal bank accounts or endorse the checks over to Mahood, who would then deposit the checks into her own bank account. Bank search warrants revealed that following the deposit of checks into Alexander's account, he wrote approximately $10,450 in checks from his personal accounts to Mahood. DOI Fraud Investigators have identified 45 Farmers Insurance Company drafts for more that $57,400 as having been fraudulently issued by Mahood to Alexander.