A Riverside County, Calif., grand jury has indicted two men for allegedly defrauding the Pechanga Band of Luiseno Indians out of more than $4 million.
The indictment, charges James Riley and Ryan Robinson with grand theft and bribery. Robinson is also charged with money laundering.
Prosecutors say Riley, an insurance broker, misrepresented the amount of insurance premiums for the tribe, overcharging them by $4 million in 2006-2007. Robinson, Pechanga’s former chief financial officer, allegedly received a kickback of more than $100,000 from Riley to look the other way. That money moved through multiple accounts before it was withdrawn in the form of cashier’s checks.
The men are scheduled to be arraigned Feb. 18.
Was this article valuable?
Here are more articles you may enjoy.
Nvidia-Backed Fireworks AI Notifies Customers of Its Second Hack in Weeks 
Navigating the Storm: A Claims Manager’s Guide to Class Action Exposure, Coverage and Reserves 
Learjet Parts Found Miles From Florida Crash Site, NTSB Says 
Supermarkets Across Europe Report New Suspected Freezer Hack 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.