Ex-Vesta Insurance Adjuster Accused of Fraud in Ala.

January 2, 2006

  • January 2, 2006 at 9:25 am
    Corporate Security says:
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    …but they don\’t publicize it. Hooray for Vesta…they pursue prosecutions and they publicize them. I handled Corporate Security for a company that had numerous employee defalcations and it is difficult to get a prosecutor interested in pursuing white collar crimes.

  • January 2, 2006 at 3:00 am
    George says:
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    Seems like someone is always stealing from this Company, what gives?

  • January 2, 2006 at 4:50 am
    Tom says:
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    Lack of internal controls if this is a recurring issue.

  • January 3, 2006 at 8:15 am
    Insider says:
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    Do a little checking into the shareholder lawsuits on this company. Maybe she was trying to get recognized and a promotion.

  • January 3, 2006 at 11:04 am
    Insider says:
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    Not really. The shareholders wanted to find out why the stock price went from 60 to 9 dollars in about 2 weeks. (10 year ago) The stock price and stories have been going down eversince. This company has had a long history of telling the public the good news just before end of quarters and announcing the bad new at the beginning of the next quarter. Current shareholders have been trying to fix this blackhold for years. Thought that spinning auto off would solve the problems, just forgot the fact that they are still in the insurance business and profitable underwriting is still the only way to succeed. They tend to like the cashflow underwriting style.

  • January 3, 2006 at 6:29 am
    LL says:
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    Shareholders are mad because Vesta has too many properties in hurricane zones?



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