NEW ORLEANS - Press Release — A Los Angeles, California man was arrested in New Orleans on Friday for selling fraudulent Workers Compensation and Employers Liability insurance policies throughout the state of Louisiana, announced Attorney General Buddy Caldwell.
50-year-old Terry Francis Savoy is charged with five counts of theft by means of fraudulent conduct, four counts of forgery, seven counts of forgery of certificates of insurance, and six counts of illegal transmission of monetary funds.
The arrest comes as a result of a joint investigation involving the Attorney General’s Investigations Division, Orleans Parish District Attorney’s Office, Houma Police Department, Los Angeles County Sheriff’s Department Fraud and Cyber Crimes Bureau, and CNA Insurance Security Fraud Division.
After receiving payment,
The Attorney General’s office is continuing to identify other potential victims. Anyone who purchased a Workers Compensation and Employers Liability insurance policy from
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