LOS ANGELES – Ex-insurance agent Nadja Fuentes Ocampo, 59, of Glendale, stole $10,000 from a client she once represented. She faces multiple felony counts of grand theft and insurance fraud “after allegedly acting as a licensed insurance agent.”
“Ms. Ocampo allegedly violated her fiduciary responsibilities and the trust of her client and her employer, “said Insurance Commissioner Dave Jones. “I have zero tolerance for agents and brokers who use their position of trust to scam and victimize California consumers.”
At the time Ocampo worked for a major insurance carrier. She sold life insurance products for the company until a client reported her.
Ocampo “encouraged a client to withdraw $10,000 from her life policy and engage in an investment with a hand-written agreement.”
Then the suspect assured her client that the investment was a safe one. She said that the funds would be with the life insurance carrier.
Ocampo “did not return the $10,000 to her client and used the money for her own personal gain.” The life insurance company then terminated Ocampo.
Ocampo’s charges are one felony count of grand theft, one felony count of selling an unqualified security, and one count of providing a false statement to sell a security.