According to California Department of Insurance (CDI) investigators, during the period April 2008 through April 2009, Lori M. Charles, 41, of Culver City created fictional names and submitted 377 fraudulent insurance applications to a life insurer. Upon receipt of the insurance applications, the insurer issued Charles over $62,000 in advanced commissions. The insurer filed a complaint with CDI after it was discovered that Charles had submitted an unusually large number of policies in which the policyholders had not submitted premium payments. Insurance Commissioner Dave Jones announced that she would be sentenced on one felony count for violating Penal Code Section 487 (a), Grand Theft. She was ordered to repay restitution in the amount of $62,652 and and perform 90 days of community service and three years of formal probation.
