Former Insurance Agent Charged with Financial Elder Abuse

Former Insurance Agent Charged with Financial Elder Abuse

A consumer complaint prompted the Department of Insurance to investigate former insurance agent Shamron Briggs. Investigators discovered a 93-year old client trusted Briggs with $2,838 for the premium on a funeral insurance policy.

It is alleged Briggs deposited the money into her personal bank account and rather than directly making a payment to the insurance company for the full premium account, Briggs made five quarterly payments to the insurance company which totaled $1,235.38.

This shorted the original amount by $1,602.62 and left the client with a policy worth less than what they trusted Biggs to purchase.
A second victim trusted Briggs with $1,600 for the premium on a funeral insurance policy.

Briggs is alleged to have pocketed the entire $1,600, leaving the 90-year victim with no policy. On September 25, 2020, 54-year old Briggs was arraigned on two felony counts of financial elder abuse. The case against Briggs will be prosecuted by the Merced County District Attorney’s Office.

Brigg’s insurance license was revoked by the Department of Insurance on February 15, 2019. Anyone with information about others who may have been victimized by Briggs is encouraged to call 661-253-7500.

Former Insurance Agent Charged with Financial Elder Abuse was last modified: October 5th, 2020 by admin
Categories: Merced
Tags: elder abuse

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