Insurance agent Tom Fallon, 63, was arraigned July 24 in Superior Court in Long Beach, Calif., on multiple felony charges including theft by embezzlement and money laundering.
Fallon's daughter, Christina Fallon, 28, is scheduled to surrender herself at the Long Beach Police Department on July 24, and is facing the same felony charges.
According to investigators with the California Department of Insurance Investigation Division, Fallon and his daughter allegedly embezzled $273,954 for their personal use from injured workers who trusted them to invest settlement funds from workplace accidents with his company, Fortis Financial Insurance Services Inc.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
