D.A. Bragg: Insurance Broker Indicted for Stealing Premium Payments from Construction Industry Client
“Our Rackets Bureau’s commitment to construction-industry integrity continues with this indictment of an insurance broker accused of pocketing nearly $350,000 – leaving his client unknowingly uninsured for four years while they conducted construction projects at 14 buildings in Manhattan,” said District Attorney Bragg. “Any accident or injury would have left Kirtland’s client liable without the support of insurance – which could have had potentially devastating consequences. Insurance brokers have a fiduciary responsibility to safeguard funds provided by their clients, and the integrity of the industry relies on brokers properly upholding that obligation.”
