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Insurance agent faces three years for alleged theft

Prosecutors treat financial crimes seriously. As a result, those who are facing white collar crime allegations face the possibility of severe penalties being imposed upon them, which can strip them of their freedom, take them away from their families, and leave their futures uncertain. One former California insurance agent is now facing that possibility.

Former State Farm agent accused of embezzlement

A former State Farm insurance agent has been charged with grant theft after allegedly embezzling approximately $30,000 worth of premium payments for his own use. It’s alleged that the agent collected premiums, deposited them into a trust account, but then failed to direct those payments to the insurance company and instead used the funds for his own personal benefit. According to prosecutors, the crime spanned nearly a year from 2017 to 2018.

What’s at stake?

The former insurance agent who has been charged in this case has a strong reputation in his community. He is known for sponsoring local athletic events, holding parties for community organizations, and even hosting awards for his local Chamber of Commerce. Now, it’s likely that his reputation has taken a significant hit. On top of that, he faces up to three years in prison if convicted of the grand theft charge levied against him. But he can fight the charges levied against him in an effort to protect his reputation and his future.

Defending against white collar crimes?

Dealing with aggressive prosecutors in white collar crime cases can be scary and frustrating. That’s why those who find themselves in this situation, including the man mentioned above, need a strong legal advocate on their side. After all, there may be a variety of criminal defense options available to these individuals, including lack of intent, which very well may be the case with this insurance agent.

But no two cases are the same. Therefore, if you’re facing white collar crime charges, then you should expect more than a cookie cutter criminal defense. You should work closely with a criminal defense attorney who will give you the attention and personalized representation that you deserve so that you can maximize your chances of a favorable outcome.

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John Patrick Ryan has been practicing law for over 20 years. Experienced in criminal law. U.S. Navy Veteran.