California man charged with insurance fraud in Louisiana - KPLC 7 News, Lake Charles, Louisiana

California man charged with insurance fraud in Louisiana

Terry Savoy. (Source: Attorney General's Office) Terry Savoy. (Source: Attorney General's Office)
LOUISIANA (KPLC) - A California man has been arrested and charged with selling fraudulent insurance policies throughout the state of Louisiana.

According to Attorney General James "Buddy" Caldwell, 50-year-old Terry Francis Savoy of Los Angeles sold fraudulent workers compensation and employers liability policies to several companies and contracted small health care providers to handle these companies' payrolls.

Savoy then had his victims wire money to California as payment for the policies, yet he failed to provide original insurance documents or monthly premiums, Caldwell said. Savoy instead provided a false fact sheet regarding the policy and a fraudulent bank letter of credit to his victims said Caldwell.

Savoy was arrested May 2 and extradited to New Orleans on August 15. He was arrested for outstanding warrants in Orleans, Terrebonne, Ouachita and Bossier parishes.

Savoy was booked into the Orleans Parish Prison on the following charges: 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 following agencies participated in the investigation of this case: the Attorney General's Investigations Division, the Orleans Parish District Attorney's Office, the Houma Police Department, the Los Angeles County Sheriff's Department Fraud and Cyber Crimes Bureau and CNA Insurance security Fraud Division.

Anyone who purchased an insurance policy from Savoy and did not receive the actual policy or premium is asked to call 225-326-6100 or 504-471-2863.

Copyright 2014 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • FIRST ALERT FORECAST: Could not ask for better weather during our Thanksgiving week

    FIRST ALERT FORECAST: Could not ask for better weather during our Thanksgiving week

    Sunday, November 19 2017 6:30 PM EST2017-11-19 23:30:04 GMT
    Nice weather on MondayNice weather on Monday

    Through the rest of tonight, we will have clear skies with rain chances down to zero. Temperatures will cool down to the upper 30s to the low 40s tonight, so it will be cooler from last night. With the clouds clearing, that will allow temperatures to quickly fall. Frost is possible north of I-10! Monday will be another beautiful day! Highs will remain in the mid 60s with mostly sunny skies. There could be a few more clouds in the afternoon, but none that will bring any rain. 

    More >>

    Through the rest of tonight, we will have clear skies with rain chances down to zero. Temperatures will cool down to the upper 30s to the low 40s tonight, so it will be cooler from last night. With the clouds clearing, that will allow temperatures to quickly fall. Frost is possible north of I-10! Monday will be another beautiful day! Highs will remain in the mid 60s with mostly sunny skies. There could be a few more clouds in the afternoon, but none that will bring any rain. 

    More >>
  • TRAFFIC UPDATE: Accident on I-10 WB near Ruth Street

    TRAFFIC UPDATE: Accident on I-10 WB near Ruth Street

    Sunday, November 19 2017 6:13 PM EST2017-11-19 23:13:36 GMT
    (Source: KPLC)(Source: KPLC)

    The center and right lanes of I-10 westbound near Ruth Street are blocked due to an accident, according to the Department of Transportation and Development. Congestion is approaching South Beglis Parkway, according to DOTD. Copyright 2017 KPLC. All rights reserved.

    More >>

    The center and right lanes of I-10 westbound near Ruth Street are blocked due to an accident, according to the Department of Transportation and Development. Congestion is approaching South Beglis Parkway, according to DOTD. Copyright 2017 KPLC. All rights reserved.

    More >>
  • Food for Seniors program feeds hundreds

    Food for Seniors program feeds hundreds

    Sunday, November 19 2017 5:45 PM EST2017-11-19 22:45:22 GMT

    Eliminating hunger for thousands of our senior citizens and keeping their minds at ease-- that's the mission of the Calcasieu Parish Police Jury's Food for Seniors service. Every third Friday of the month, senior residents of Calcasieu parish can sign up to receive a box of food, but it's a lot more than that. “A lot of people if they didn't have this they couldn't make it and I know some of them wouldn't have anything to eat,” said Betty Landry a recipient of the Food ...

    More >>

    Eliminating hunger for thousands of our senior citizens and keeping their minds at ease-- that's the mission of the Calcasieu Parish Police Jury's Food for Seniors service. Every third Friday of the month, senior residents of Calcasieu parish can sign up to receive a box of food, but it's a lot more than that. “A lot of people if they didn't have this they couldn't make it and I know some of them wouldn't have anything to eat,” said Betty Landry a recipient of the Food ...

    More >>
Powered by Frankly