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>>

  • LC native buys over 200 tickets for community to see Black Panther

    LC native buys over 200 tickets for community to see Black Panther

    Sunday, February 18 2018 11:58 PM EST2018-02-19 04:58:34 GMT
    (Source: Maranda Whittington/KPLC)(Source: Maranda Whittington/KPLC)

    Theaters around the country including right here in Lake Charles are selling out for the movie Black panther.  But for many in the community they got a chance to see the movie for free, thanks to one Lake Charles native.  The mall food court was packed Saturday.  As a large group enjoyed their tea,lemonade, pizza and boudin, but the mall food court wasn't their final stop. Because everyone was headed to the movies to see Black Panther.  Marrion Borden was so e...

    More >>

    Theaters around the country including right here in Lake Charles are selling out for the movie Black panther.  But for many in the community they got a chance to see the movie for free, thanks to one Lake Charles native.  The mall food court was packed Saturday.  As a large group enjoyed their tea,lemonade, pizza and boudin, but the mall food court wasn't their final stop. Because everyone was headed to the movies to see Black Panther.  Marrion Borden was so e...

    More >>
  • FIRST ALERT FORECAST: Nice weather for our Monday, then more rain this week

    FIRST ALERT FORECAST: Nice weather for our Monday, then more rain this week

    Sunday, February 18 2018 4:59 PM EST2018-02-18 21:59:25 GMT
    Rain likely by the middle of this weekRain likely by the middle of this week

    Tonight, there will be plenty of clouds around, with a few breaks in between. There should not be any rain around us for the night. It will be warm and muggy. Lows tonight are only in the mid 60s. There is also a good chance we will see fog overnight. There is already plenty of fog at the coast, and that should spread further inland overnight. Take caution on the roads in the morning on your commute. Monday should be another dry, but cloudy day. 

    More >>

    Tonight, there will be plenty of clouds around, with a few breaks in between. There should not be any rain around us for the night. It will be warm and muggy. Lows tonight are only in the mid 60s. There is also a good chance we will see fog overnight. There is already plenty of fog at the coast, and that should spread further inland overnight. Take caution on the roads in the morning on your commute. Monday should be another dry, but cloudy day. 

    More >>
  • Captain Daniel Johannes Goos statue unveiled in Lake Charles

    Captain Daniel Johannes Goos statue unveiled in Lake Charles

    Saturday, February 17 2018 4:53 PM EST2018-02-17 21:53:50 GMT
    (Source: Maranda Whittington/KPLC)(Source: Maranda Whittington/KPLC)

    It's been more than five years in the making, but Saturday Captain Daniel Johannes Goos now stands over the lakefront in Lake Charles.  Crowds of people gathered by the Lakefront Promenade this morning all waiting to see the the statue of Captain Daniel Johannes Goos.  "When you mention Captain Daniel Goos you may get he sounds familiar or if you're lucky you get oh like Goosport," said descendant Erik Jessen.

    More >>

    It's been more than five years in the making, but Saturday Captain Daniel Johannes Goos now stands over the lakefront in Lake Charles.  Crowds of people gathered by the Lakefront Promenade this morning all waiting to see the the statue of Captain Daniel Johannes Goos.  "When you mention Captain Daniel Goos you may get he sounds familiar or if you're lucky you get oh like Goosport," said descendant Erik Jessen.

    More >>
Powered by Frankly