Reina Morales-Peck, 40, of Cherry Hill, owner of New Jersey Insurance Specialists, allegedly obtained $172,859 by telling people she was allowed to charge certain fees even though she was not allowed
The owner of a Cherry Hill insurance company was indicted on theft charges today, according to the Attorney General's Office.TRENTON — A Camden County insurance agent was indicted today for stealing more than $172,000 in fees and other charges from people buying insurance, the Attorney General's Office said.
Reina Morales-Peck, 40, of Cherry Hill, owner of New Jersey Insurance Specialists, allegedly obtained $172,859 by telling people she was allowed to charge certain fees even though she was not, according to an indictment handed up by a state grand jury.
The indictment also alleges that Morales-Peck collected $3,217 in insurance premiums from 11 individuals and kept the money rather than giving it to the insurance companies, the Attorney General's Office said in a news release.
She is charged with theft by deception, misconduct by a corporate officials and theft by failure to make required disposition of property received, the release said. She faces a maximum 10 years in state prison.