Jennifer Marez, age 35, pled no contest today to the felony charge of Theft $100,000-$200,000. While Jennifer Marez was employed as a licensed adjuster at Fred Loya Insurance, she allegedly approved 19 payments to herself from the accounts of 18 unknowing claimants. Two of the payments were cancelled prior to issuance, but the remaining 17 payments, totaling $157,726.60, were routed directly into her personal bank account. In order to avoid scrutiny by her employer, Marez issued the payments in the names of her son and husband. As a condition of her plea agreement, Marez faces up to 10 years in prison and is required to permanently surrender her insurance license. Fred Loya Insurance discovered the theft and reported it to law enforcement. The Texas Department of Insurance conducted the criminal investigation. Sentencing is set for September 23, 2013 in the 187th District Court.
Theft $100,000-$200,000 is a second degree felony with a range of punishment between 2 years and 20 years imprisonment and up to a $10,000 fine. Because she has no prior criminal record she is eligible for probation from the Judge.
For more information contact Trey Banack, Chief, White Collar Crime Division, at (210) 335-2404.