Tuesday, September 19, 2017
Des Moines, Iowa -- An investigation by the Iowa Insurance Division and the Scott County Attorney has led to Billie J. Holmberg of Bettendorf to be charged with two class D felonies (forgery and theft in the 2nd degree).
“The Iowa Insurance Division closely monitors misconduct of employees working in the insurance industry,” Iowa Insurance Commissioner Doug Ommen said. “We are here to help protect consumers and nearly all agents are doing right by their clients every day, but we will hold any bad actors we find accountable.”
The charges against Holmberg, a former Iowa licensed insurance agent, stem from an investigation that began in April of 2017. It is alleged that Holmberg engaged in altering financial documents related to insurance transactions in order to redirect policyholder insurance premium proceeds to herself for personal use.
On July 26, 2017, a State of Iowa warrant was issued for the arrest of Holmberg. On September 13, 2017, Holmberg turned herself in to Scott County authorities in response to the outstanding warrant. Holmberg was later released and a trial will be set at a future date.
Iowans with information about insurance fraud are encouraged to contact the Iowa Insurance Division’s Fraud Bureau at 515-242-5304.
No additional information will be provided at this time.
Note: A criminal charge is merely an accusation and a defendant is presumed innocent until proven guilty.