Miami Insurance Agent Accused of $14 Million in Premium Finance Fraud

October 13, 2009

  • October 13, 2009 at 10:40 am
    Hector Suarez says:
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    Remember ARIES?

  • October 13, 2009 at 1:26 am
    lilrip says:
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    And agents wonder why insureds don’t buy insurance from agents. Its because agents like you that make other agents look bad.

  • October 13, 2009 at 2:18 am
    Lew Forrignoe says:
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    3,800 finance agreements written before he got caught! Hope this is an eye opener to all the finance companies. Check the validity of what you are financing now and then.
    I know the real criminal is Jose Penis, but it is a shame that they didn’t audit the situation. 3,800 is alot of activity.

  • October 13, 2009 at 2:31 am
    Annoyed says:
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    What an idiot!

  • October 13, 2009 at 3:02 am
    Observer says:
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    It took Sink and Citizens that long to determine that something was fishy?

    And Sink wants to go on to higher office and deal with more complex issues?

    Batten down the hatches.

  • October 13, 2009 at 3:24 am
    Lew Forrignoe says:
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    How can you possibly make the stretch accusation that this is Alex Cink’s responsibility? This is an example of poor audit practices on the part of the premium finance companies. Citizen’s doesn’t necessarily know that the policies were financed, so you are reaching again to lay blame with them.

  • October 14, 2009 at 3:56 am
    KPOP says:
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    Not sure how you do business but 3800 finance agreements is alot of work. That’s alot of work/cheatin’/lyin’.

  • October 19, 2009 at 7:52 am
    Long gone says:
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    There are lots of stupid finance companies. The funny thing is the finance company from the Carolinas probably lost money on each deal to start. Bought the business with low, low interest rates? But most of the parent companies of the finance co’s are banks and they have bailout money so they don’t care.

  • October 19, 2009 at 7:52 am
    Long gone says:
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    There are lots of stupid finance companies. The funny thing is the finance company from the Carolinas probably lost money on each deal to start. Bought the business with low, low interest rates? But most of the parent companies of the finance co’s are banks and they have bailout money so they don’t care.



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