Locke, 60, of San Jose , was indicted by a federal grand jury on August 24, 2005 . She was charged with embezzlement of insurance funds, participation in the insurance business following a felony conviction involving dishonesty, wire fraud and money laundering. According to the indictment, Locke began working at the Wersching Agency in 1995. In 1996 she became a 50 percent owner. In the course of working at the Agency, Locke misappropriated and embezzled more than $456,000 of premiums belonging to Farmers Insurance Group in 1997, more than $1.2 million in 1998, more than $3 million in 1999 and more than $3.4 million in 2000.
Locke pleaded guilty on January 25, 2006 , to embezzlement of insurance funds, participation in the insurance business following a felony conviction involving dishonesty and money laundering.
In conjunction with this investigation, Ray Wersching pleaded guilty to a misdemeanor failure to file a corporate tax return in violation of 26 U.S.C. § 7203 and was sentenced to two years of probation with six months of home detention in CR 06-183 JL.
I guess the worst part about this whole thing for me was the fact I had to go through the Wersching agency to get the safety group discount for my WC risks. My take on them was there complete lack of professionalism and product knowledge for an agency with the production numbers being posted. I guess crooks don’t have to be totally smart.
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This guy was dirty and got a slap on the wrist, unfortunately his partner was dirtier and didn’t play for the 49 er’s.
Locke, 60, of San Jose , was indicted by a federal grand jury on August 24, 2005 . She was charged with embezzlement of insurance funds, participation in the insurance business following a felony conviction involving dishonesty, wire fraud and money laundering. According to the indictment, Locke began working at the Wersching Agency in 1995. In 1996 she became a 50 percent owner. In the course of working at the Agency, Locke misappropriated and embezzled more than $456,000 of premiums belonging to Farmers Insurance Group in 1997, more than $1.2 million in 1998, more than $3 million in 1999 and more than $3.4 million in 2000.
Locke pleaded guilty on January 25, 2006 , to embezzlement of insurance funds, participation in the insurance business following a felony conviction involving dishonesty and money laundering.
In conjunction with this investigation, Ray Wersching pleaded guilty to a misdemeanor failure to file a corporate tax return in violation of 26 U.S.C. § 7203 and was sentenced to two years of probation with six months of home detention in CR 06-183 JL.
How much money do you have to make to not notice 8m missing?
I guess the worst part about this whole thing for me was the fact I had to go through the Wersching agency to get the safety group discount for my WC risks. My take on them was there complete lack of professionalism and product knowledge for an agency with the production numbers being posted. I guess crooks don’t have to be totally smart.