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TRENTON
- Attorney General Anne Milgram and Criminal
Justice Director Gregory A. Paw announced
that a former Fair Lawn insurance agent
has been indicted on charges that he stole
more than $11,000 in insurance premium monies.
According
to Insurance Fraud Prosecutor Greta Gooden
Brown, Jungun Kim, 44, of Fair Lawn, was
indicted on Friday, Jan. 4, by a Bergen
County grand jury on charges of theft by
deception and theft by failure to make required
disposition of property received, both in
the third degree.
The
indictment alleges that between June 25,
2004 and Jan. 9, 2007, Kim, a former New
Jersey-licensed insurance agent, stole money
that was to be remitted to an insurance
company to pay for a life insurance policy.
It is charged that Kim, who worked at the
time for the New York Life Insurance Company,
received premium money from an insurance
customer, but instead of remitting the money
to the insurance company, he stole the money
for his own use. It is alleged that he stole
approximately $11,200.
State Investigator Naike Kudlik and Deputy
Attorney General Nicole D. Rizzolo were
assigned to the investigation. Rizzolo presented
the case to the Bergen County grand jury.
This case was referred to OIFP by the Special
Investigative Unit of New York Life Insurance
Company, which initially uncovered the fraud
and assisted OIFP in the investigation.
Insurance Fraud Prosecutor Brown thanked
New York Life for their assistance in this
matter.
The Department of Banking and Insurance
routinely assists the Office of Insurance
Fraud Prosecutor with the investigation
and prosecution of licensed insurance agents.
This assistance enables the state to coordinate
criminal investigations and prosecutions
with any imposition of licensing sanctions
in order to protect the public.
The indictment is merely an accusation and
the defendant is presumed innocent until
proven guilty. Third-degree crimes carry
a maximum punishment of five years in state
prison and a criminal fine of $15,000.
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