A former Beverly Hills insurance broker has been arrested and charged with one count of grand theft after an investigation by the California Department of Insurance (CDI) Investigation Division. CDI Investigators arrested Gregory Starrett Williams, 53, last Wednesday. If convicted, he faces a maximum of three years in prison.
According to investigators Williams, who owned Roger Starrett Williams Company, sold an â€œerrors and omissionsâ€ policy to the owner of a local casting agency and subsequently collected $79,634.36 over a period of five years, beginning in 1997. The owner of the casting firm received annual invoices and paid premiums to Williamsâ€™ Company, yet Williams allegedly never placed the coverage or forwarded premium payments to an insurance company.
Gregory Starrett Williams purchased the company in 1995 and the casting agency had been a client with the company for many years. In 2003 the casting agencyâ€™s office manager reviewed company files and discovered that there was no insurance coverage placed by Williams.
According to the office manager, she confronted Williams about the problem. Williams allegedly confessed to her that coverage was not placed and then promised to make payments to the casting agency. When he failed to make the payments the office manager filed a complaint with the CDI, which initiated the investigation.
The Los Angeles County District Attorneyâ€™s Office is prosecuting the case and bail is set at $79,000.
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