The insurance license of Ghassan Ibrahim of Stockton, Calif., has been revoked for allegedly making a false statement in an insurance claim, forgery and grand theft in a case involving senior citizens, the California Department of Insurance reported. Ibrahim is scheduled to enter a plea to the felony charges at a Jan. 22 preliminary hearing at the Stockton branch of the San Joaquin County Superior Court.
According to an arrest warrant issued by the San Joaquin County Superior Court and a CDI investigation, Ibrahim allegedly forged the signatures of a number of senior citizens on insurance applications for the purpose of securing a commission. He also allegedly used fictitious names to create insurance policies to secure commissions.
From May 2003 until Feb. 2009 Ibrahim was an agent for a life insurance company. He was terminated Feb. 27, 2009 when the company claimed Ibrahim had submitted fraudulent and illegitimate applications, forged signatures, misrepresented premium amounts to applicants, submitted applications with falsified information and posed as an applicant during telephone personal history interviews.
The company said Ibrahim owes $23,275 for commissions obtained through the alleged illegal activity. Another company to which Ibrahim allegedly submitted false applications to found 84 instances of challenged or non-existent enrollments. That company claims Ibrahim owes $54,200 in paid commissions.
Until the license revocation, Ibrahim, 46, held a life-only and variable contracts license with the California Department of Insurance and had been a licensed insurance agent in the state since 1989. Ibrahim is out on bail.
Was this article valuable?
Here are more articles you may enjoy.