Tustin insurance agent arrested on suspicion of defrauding 0,000 from clients

A Tustin insurance agent was arrested Thursday, Dec. 8, on suspicion of defrauding four victims out of $100,000 to secure investments that did not ...

December 16, 2022
12:50 PM

A Tustin insurance agent was arrested Thursday, Dec. 8, on suspicion of defrauding four victims out of $100,000 to secure investments that did not exist. Gautam Arora, 38, was charged with 11 felony counts of securities violations and money laundering, the California Department of Insurance said on Thursday. Arora worked as a licensed insurance agent between 2018 and 2019, recruiting others to work for him in a multi-level marketing agency. During that period, he obtained clients' private financial information through an alleged 'financial review', then solicited them to invest in investments they were led to believe were legitimate.