In April of these individuals purchased an insurance agency from me and have defaulted on it. I was granted a judgment by the court system and they have not paid anything.
They have been taking premium payments from customers and have failed to send those payments on to the actual insurance companies, making a lot of customers out there without any insurance and having paid for it.
These people have completly removed all the furnishings, etc from the agency location and have abandoned everything. We have not been able to locate where they have placed the assets or if they have any intention of continuing the business.
It appears that any one who has done any business with these individuals, including all the insurance companies that they had contracts with, have been ripped off anywhere from a few hundred dollars to hundreds of thousands of dollars.
Jim
Glendale, Arizona
U.S.A.
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