Toronto police have arrested a man for allegedly posing an insurance agent and defrauding prospective clients.
Laurence Honickman, 41, of Richmond Hill, Ont. was arrested and charged with fraud over $5,000, laundering proceeds of crime, and failing to comply with probation. The charges have not been proven. He was scheduled to appear in court Thursday, November 28.
Police are alleging that Honickman, posing as an insurance agent, “presented himself to a potential client as selling policies better suited to the client’s financial needs.”
It says they the client cashed out an existing policy and paid $21,000 to the man posing as an agent in order to purchase the new policy. “The man absconded with the money and did not use it to purchase a policy,” it says.
Police also say they believe there may be more victims.