Insurance fraud indictment for online gambler

Accused faces nine counts of fraud with $1.9 million involved

A former insurance agent in New Jersey has been indicted for allegedly defrauding nine clients out of more than $1.9 million to feed his online gambling habit, reports the IFA Web News

Daniel J. Trolaro (34) of Oakland was a licensed insurance producer, securities dealer and certified financial planner working for Prudential Insurance Company who stands accused of committing theft by keeping for his personal use a total of $1,918,000 in money he collected from nine clients between June 4, 2008, and Feb. 12.

The case is being prosecuted by the New Jersey Attorney General’s Office. The investigation revealed that he allegedly used the majority of the money for online gambling, officials said.

Trolaro is charged with first-degree financial facilitation of criminal activity (money laundering), eight counts of second-degree theft by failure to make required disposition of property and two counts of third-degree theft by failure to make required disposition of property.

After discovering the alleged fraud, Prudential fired Trolaro and referred the matter to the New Jersey Office of the Insurance Fraud Prosecutor for further investigation, officials said.

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 38
    new members
  • 599
    members online
  • 16001
    guests online
  • 91
    new posts
  • 14156
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results