Michael Troise of Marlton charged with stealing from insurance clients | State | NewJerseyNewsroom.com -- Your State. Your News.

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Michael Troise of Marlton charged with stealing from insurance clients

mousetrap_optA former Burlington County insurance agent has been indicted for allegedly forging the names of clients on insurance applications and automated banking withdrawal forms.

Michael Troise, 48, of Marlton, a former Monumental Life Insurance Co. agent, has been charged with two counts of third-degree forgery, one count of fourth-degree forgery and three counts of third-degree insurance fraud, state Acting Insurance Fraud Prosecutor Riza Dagli said Monday.

A Burlington grand jury indictment alleges that on May 27, 2005, Troise submitted a forged application for life insurance purportedly for a client. The indictment also alleges that on June 19, 2007, Troise forged two additional applications for life insurance purportedly for two additional clients. It is alleged that two of the clients had an automated banking withdrawal option selected so that the insurance premiums would have come directly out of the clients' bank accounts. Troise allegedly forged the applications in such a way that it appeared as if the clients had authorized them.

Troise allegedly submitted renewal applications for additional coverage for the same three clients, knowing that they did not authorize him to do so.

Third-degree crimes carry a maximum sentence of five years in state prison and a criminal fine of $15,000, while crimes of the fourth-degree carry a maximum sentence of 18 months in state prison and a criminal fine of $10,000.

Lt. Frederic Moore and Deputy Attorney General Paul D. Santangini are handling the investigation and prosecution.

– TOM HESTER SR., NEWJERSEYNEWSROOM.COM

 

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