Insurance coverage agent arrested for defrauding weak senior shopper

Between 2018 and 2021, Kanarek labored as a licensed life insurance coverage agent. In 2020, she moved to the sufferer’s residence as an alleged roommate, however when she later heard of her sufferer’s medical situation, Kanarek managed to realize management of the sufferer’s funds whereas posing because the sufferer’s “well being care supervisor.”

By way of this alleged scheme, she acquired greater than $90,000 from the sufferer. These embody checks which seem like cast. Kanarek additionally bought two annuities to her sufferer totaling over $580,000; the annuities have been in opposition to the sufferer’s monetary curiosity and enabled Kanarek to gather over $7,800 in fee.

Kanarek additionally tried to withdraw over $110,000 from the sufferer’s IRA, and even tried to promote the sufferer’s home.

A CDI release stated that Orange County Grownup Protecting Companies and the Orange County Public Guardian assisted in representing the sufferer’s pursuits. In addition they petitioned for conservatorship of the sufferer and their property in Orange County Superior Courtroom.

Kanarek was arrested by the Newport Seashore Police Division and booked into Orange County Jail, with a $50,000 bail set.

CDI additionally revealed in a launch that it had revoked Kanarek’s license on December 29, 2022, and had imposed an trade ban in opposition to the previous agent.

Final Might, CDI had also helped in the arrest of former insurance agent John Ryan, who was equally charged with elder abuse, grand theft, and identification theft. Ryan allegedly diverted greater than $75,000 from the accounts of artwork supplier and philanthropist Gregg Juarez whereas performing as his insurance coverage agent.