Miami Insurance Agent Sentenced to 2 Years for Issuing Fake Policies

The Florida Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) announced Mandy Rodriguez, 36, was convicted in July on multiple felonies, including insurance fraud, grand theft, and forgery following his attempt to create fake proof of insurance documents for his clients. He was sentenced to two years in state prison and ordered to pay more than $200,000 in restitution.

Rodriguez’s arrest resulted from an investigation by DIFS after a report by Citizens Property Insurance Corp. The investigation revealed that Rodriguez prepared and provided fake insurance quotes, certificates of insurance, insurance declaration pages, and invoices to consumers who believed they had purchased legitimate commercial or homeowner’s insurance policies. Rodriguez defrauded at least four clients by stealing their insurance premium payments and issuing them fake insurance policy documents. Rodriguez had consumers make premium payments to his personal corporation, Risk Management Agency Group, Inc. or RMAG, rather than to Citizens directly.

Citizens and the owner of the insurance agency where Rodriguez was employed, Bentrust Insurance Group, LLC, both verified that the policies generated by Rodriquez were not legitimate. Furthermore, upon learning of Rodriguez’s misconduct, Bentrust’s owner fired Rodriguez, generated and paid for the appropriate insurance policies, which Citizens honored in good faith.

Rodriguez’s insurance agent’s license has been revoked and he is permanently barred from the insurance industry.