Ep 01: How Fake Insurance Agents Are Scamming Families Out of Millions

1 Jul 2025 · 37 min
Episode

1 Jul 2025 · 37 min

0:00

Episode 01 (July 2025) of the podcast "Fraud Facts and Life Insurance with Agent Verified" (hosts Betsy K. Barr and Javon) examines real insurance fraud cases where agents/brokers stole client premiums and used fake documents to conceal the theft. Major cases covered: Daniel M. Rosenbaum (Kenilworth, IL) collected over $1 million in annuity premiums from at least 18 clients for policies never purchased, created fake annuity documents, and also committed PPP and unemployment fraud (received >$53,000 from PPP filings and $65,000 from state unemployment fraud); Rosenbaum pleaded guilty to federal wire fraud. Christopher Ramos (Santa Rosa, CA) stole over $100,000 from consumers between 2014–2016, created fraudulent certificates of insurance, was sentenced to four years in prison, had his license suspended/revoked (2019) and was ordered to pay restitution of over $100,000. Seneca Birchmore (Cincinnati) was arrested June 2 (year not specified in the transcript) on federal charges for defrauding dozens of victims, fraudulently obtaining two PPP loans, writing unwanted policies to collect commissions, losing his license in 2019, and stealing other agents' identities. The hosts emphasize consumer protections: never pay agents directly (pay carriers), verify agents via agentverified.com (license/NPN checks, reviews), call carriers to confirm policy numbers and payment receipts, and consider living benefits/mortgage-protection features. Episode mixes case law summaries, practical verification steps, personal client stories, and promotional CTAs for agentverified.com and partner programs.

Questions this episode answers

More than $1 million from at least 18 clients.

Over $53,000 from PPP filings and $65,000 from fraudulent state unemployment claims.

Federal wire fraud charge.

Over $100,000 stolen; sentenced to four years in prison and ordered to pay over $100,000 in restitution.

His license was suspended and eventually revoked in 2019.

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