Saturday, April 13, 2013

Man Arrested for Financial Exploitation and Forgery

A Cape Girardeau man, already involved in a civil case for alleged fraudulent and dishonest practices going to trial in July, has been arrested. Scott County Sheriff Rick Walter says that 52-year-old Keith Monia has been charged with two counts of financial exploitation of the elderly, and two counts of forgery.

He is alleged to have sold two annuity plans to an elderly Scott County couple between 2010 and 2012, accepted applications and payments totaling 220-thousand dollars, and never having sent the applications to the company. Investigators found the money was deposited in Monia’s personal account and an online trading account. His insurance license renewal was denied in 2011 by the Department of Insurance after allegations of fraud. Monia is being held on $75,000 bond.

His civil trial is set for July 30th, as Monia is being sued by a Jackson man who said he took $80,000 that was supposed to be placed in an annuity.

Full Article and Source:
Cape Man Arrested for Financial Exploitation and Forgery

1 comment:

Thelma said...

It's up to the agencies to keep their agents honest, by developing new forms and contracts and using hi tech to monitor sales.