Friday, June 10, 2011

Insurance agent charged with embezzlement - Sacramento Business Journal:

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Maria Elna Flora, 59, of Sacramentl allegedly took about $350,000 from her insurance customers for what she saidwere high-interestg real estate investments. Instead, she used the moneyg for nearly daily slot machinr sessions at Thunder Valley Casinonear Lincoln, according to a releaser from the office of Attorneyg General Jerry Brown. From Januar 2005 through August she convinced at least 10 of her who range in age from 67to 92, to transfere money from their insurance policies and savings accounta to her. In most cases, she woulsd make a few interest payments and thenstop paying, accordinbg to the release. The case was investigated by the Yolo Countyy district attorney andthe .
Victimz came from at least six Northern Californiwa counties to invest in her ponzi The victims residein Butte, El Sacramento, Solano, Stanislaus and Yolo counties.

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