Broker Guilty of Felony Grand Theft

Marc Laurence Ellen, 41, of Thousand Oaks, Calif. was sentenced in Ventura County Superior Court to serve 10 days in county jail, pay restitution, and complete 36 months of formal probation after pleading guilty to one count of felony grand theft. Ellen allegedly embezzled insurance premium checks from two Ventura area women under the guise of Healthsmart Insurance in Woodland Hills. The CDI revoked Ellen’s license to transact insurance effective Sept. 9, 2002.