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Former Washington Insurance Producer Pleads Guilty to 1st Theft and Money Laundering *Centurion Insurance AFS*

Feb 02, 2024 (0) comment , , , , , , , , , ,



A Selah, Washington man pled guilty to first-degree theft and money laundering after an investigation by Insurance Commissioner Mike Kreidler’s Criminal Investigation Unit.

Jason Eaton was sentenced to 60 days of electronic home detention and ordered to pay $100 restitution after his guilty plea, entered on January 18, 2024, in Yakima County Superior Court.

From July to November 2019, Eaton worked as an insurance producer and issued policies to his clients with American Family Insurance. American Family reportedly tried on multiple occasions to collect $24,162.24 in policy premiums for 33 clients but was unable to collect any funds from Eaton’s premium trust account.

American Family continued to provide coverage to the clients, despite never collecting payment from Eaton. Ultimately, Eaton failed to remit $23,450.54 to American Family and was referred to the Office of the Insurance Commissioner.

Eaton’s license was revoked before CIU conducted a criminal investigation. During their investigation, CIU conducted a search warrant on Eaton’s bank accounts. Detectives discovered Eaton had been transferring his client’s money from the premium trust account to both his personal account and to other business accounts instead of allowing the premium payments to be collected by American Family.

Topics
Fraud
Washington

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