PENSACOLA, FLORIDA – John Michael Thomas, 51, of Pensacola made his initial appearance today on wire fraud charges related to his business, Thomas Insurance, LLC.
According to a federal criminal complaint filed on March 12, 2021, Thomas is accused of selling fraudulent insurance policies to his clients in exchange for approximately $4 million in insurance premium payments.
The complaint alleges that between September 2013 and December 2020, Thomas operated an insurance business known as Thomas Insurance, LLC, and defrauded customers through a type of insurance fraud known as premium diversion.
Thomas executed this scheme by collecting insurance premiums from customers and keeping the funds for personal use instead of producing insurance policies.
He gave the customers fraudulent documents referencing insurance policies that did not exist.
This arrest resulted from a joint investigation by the FBI and the Florida Division of Investigative and Forensic Services, Bureau of Insurance Fraud, and work is ongoing to ensure all alleged victims are identified.
If you are a client of Thomas Insurance, LLC and wish to speak to an investigating agent regarding your policy, please contact FBI Jacksonville at (904) 248-7000 or email FLinsurancefraud@fbi.gov, and reference ‘Thomas Insurance.’
An FBI representative will respond with additional instructions.
Assistant United States Attorney Jeffrey Tharp is prosecuting this case for the Northern District of Florida.
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Key Facts
- State: Florida
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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