A former insurance agent whose license was revoked in March for luring senior citizens into buying inappropriate annuities is now facing felony charges for continuing to transact such deals.

Bijan Razdar, of Port Richey, was arrested in October at his home in Pasco County. He is charged with knowingly transacting insurance and/or otherwise engaging in insurance activities without a license, a third-degree felony. The Department of Financial Services, Division of Insurance Fraud, determined Razdar had continued the illegal activity for six months following his license revocation.

While he was still licensed, Razdar operated American Independent Financial Services in Port Richey, and produced radio advertisements and seminars that sounded like a financial advice show and drew seniors looking for guidance on how to protect their retirement funds.

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