All of the alleged victims had received paperwork that verified their coverage, according to a news release issued Thursday by Insurance Commissioner Ralph Hudgens.
Hudgens said his office would conduct an investigation into Navas’s dealings. Navas worked for Velox Insurance Agency on Buford Highway in Norcross when the alleged fraud took place, according to authorities.
“Right now there are 13 victims that we know of, but we estimate that there are 30 or more victims and we know there could be more out there,” said Glen Allen, a spokesman for the Insurance Commissioner’s Office.
Navas was arrested Thursday morning by the Cobb County Police Department and transferred to the Gwinnett County Jail for booking. He faces charges of six counts of insurance fraud, three counts of financial transaction card fraud and four counts of forgery after reportedly keeping the premiums paid to him for insurance coverage.
“Our investigation has turned up numerous victims of this scam and we expect for additional charges to be filed,” Hudgens said in the release. “Velox Insurance has made good on all the missing payments, so their clients now have the coverage they paid for.”
Insurance fraud is a felony that could potentially result in a penalty of two to 10 years in prison and/or a fine of up to $10,000.
Hudgens asked those who may have purchased insurance from Navas to call his Consumer Services Division at 404-656-2070. Hudgens also said he will send staff to Velox Insurance on June 3 and June 4 from 10 a.m. to 7 p.m. to meet with Velox Insurance clients who have questions about Navas or the investigation.
Hudgens urges those who are unsure of the legitimacy of their insurance provider to contact his office for assistance.
“I encourage consumers to stop, call, and confirm with my office before they buy insurance,” Hudgens said. “They also can help us track down and take action against unscrupulous agents.”