July 2, 2021 - LOS ANGELES, Calif. — Licensed insurance agent Angie Sosa, 33, of Arleta, pleaded no contest on Wednesday in Los Angeles Superior Court on one count of grand theft for stealing over $8,000 in auto insurance payments from 26 clients.

An investigation by the Department of Insurance revealed that between May 2018 and July 2018, Sosa, a licensed insurance agent doing business as Sosa Insurance Services in Panorama City, was stealing cash payments from her clients and keeping funds for her personal use. Sosa occasionally provided clients with a receipt for the payments, but did not deposit the cash into a trust bank account for payment to the insurance company. Sosa stole $8,171 in mostly cash payments from 26 clients.

The Department will be taking appropriate administrative action against Sosa’s license and the business she managed.

This case is being prosecuted by the Los Angeles City Attorney’s Office. Sosa is currently in Argentina, her attorney appeared on her behalf.

As a part of Sosa’s plea, she will be sentenced to 12 months’ probation, ordered to pay $8,172 to the insurance company and to serve 10 days of community labor or 100 hours of community service at an internationally recognized organization. She will also be ordered to not work or seek employment in the insurance field. Sosa is scheduled to return to court on January 30, 2022.
Source: CA. Dept. of Insurance