Brent Kitzan, a Bismarck insurance agent, who is charged with 14 counts of felony theft of property, eight counts of felony insurance fraud and five counts of felony fraudulent securities practices was arrested according to the North Dakota Insurance Commissioner’s office.
The Insurance Department and the North Dakota Securities Department conducted a joint investigation into Kitzan’s practices after receiving multiple complaints. Investigators allege that, while working as a licensed insurance agent under the business name Kitzan & Associates, Kitzan perpetrated multiple schemes against several of his elderly insurance clients and allegedly stole a total of more than one million dollars.
“Following a lengthy investigation, we turned the case over to the Burleigh County State’s Attorney’s office and worked with them to file these charges,” Hamm said.
Kitzan was arrested over the weekend on an unrelated charge. While in custody, Insurance Department investigators served Kitzan with the 27-count arrest warrant on insurance fraud and other insurance-related charges.
The Insurance Department issued a cease and desist order against Kitzan in December 2011.
Source: The North Dakota Insurance Department
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