Copyright held by The John Cooke Fraud Report. Reprint rights are granted with attribution to The John Cooke Fraud Report with a link to this website.
In February 1999, the California Department of Insurance issued a Cease & Desist order against Alejandro Corral of Downey and Travel Guard Minstries of Las Vegas, Nevada, in conjunction with sales of TGM’s automobile insurance policies.
The order was issued to stop them from selling their insurance policies to California consumers. Investigators say that Corral, along with his wife, Esther, and Mercedes Beebe of Michigan, allegedly owned La Luz Del Mundo, a Downey-based, multi-level membership organization. La Luz Del Mundo annointed itself as an insurer and offered fraudulent Automobile Financial Responsibility Plan liability insurance for $395 per year to its California TGM members.
Victims who heard Corral’s sales pitch were led to believe they were buying real policies from a real insurance company and that the afforded coverages were sufficient to meet the financial responsibility laws in all states. After being involved in auto accidents, they learned otherwise. Not only were their claims not paid, they also lost their driving privileges as a result of being uninsured motorists.
Corral was found guilty by a Los Angeles County jury of one count of grand theft, five counts of petty theft and one count of acting as an agent for an unauthorized insurer. He faces up to three and a half years in state prison and an undetermined amount in fines and restitution.
© Copyright 1998 Alikim Media