April 5, 2013

North St. Louis County woman pleads guilty to 20 counts after DIFP investigation

Former insurance agent defrauded consumers by selling illegitimate policies

Jefferson City, Mo. - An investigation by the St. Louis County Police Department with the support of the Missouri Department of Insurance recently led to the conviction of a former insurance broker for insurance fraud. Wendi Ann Glass pleaded guilty to five counts of stealing, six counts of forgery, eight counts of commission of fraudulent insurance act and one count of attempted stealing. St. Louis County Circuit Judge Michael T. Jamison sentenced Glass to three years on each count. The sentences will run concurrently.

"Maintaining consumer trust and confidence is of the utmost importance to our department," said John M. Huff, director of the Missouri Department of Insurance. "We are pleased that this investigation resulted in a conviction. I want to commend the work of our investigations section, the St. Louis County Police Department and the prosecutor."

After receiving consumer complaints against Glass, the department discovered in 2012 that she was selling homeowners and auto insurance policies without a license and not submitting the premium she collected from consumers to an insurance company. The department revoked the license of Glass and her company, VMG Inc., in 2011.

Evidence from the department's investigation was turned over to the St. Louis County Police Department, which launched its own investigation that led to the arrest of Glass on charges for forgery, theft and insurance fraud.

Consumers are encouraged to file complaints against agents or insurance companies they believe have violated Missouri law. Since the beginning of 2012, the department has revoked the licenses of 27 insurance agents.

Consumers with complaints and general questions can call the department's Insurance Consumer Hotline at 800-726-7390 or visit insurance.mo.gov.

About the Missouri Department of Insurance, Financial Institutions & Professional Registration

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) is responsible for consumer protection through the regulation of financial industries and professionals. The department's seven divisions work to enforce state regulations both efficiently and effectively while encouraging a competitive environment for industries and professions to ensure consumers have access to quality products.

###