A former insurance agent from Georgia has admitted to using more than $200,000 from one client’s policy to pay for other expenses, including premiums for other customers. Jeremy Lasseter, who worked for Alfa Insurance in Warner Robins, pled guilty this week in federal court. He faces up to 30 years in prison, a potential $1 million fine, and must repay over $221,000.
Lasseter was originally indicted in May and was scheduled for trial in September. Instead, he struck a plea deal after admitting to a scheme that ran from March 2020 to September 2023. During that time, he instructed someone identified as D.W. to make payments directly to him, sometimes advising her to use cash or checks made out to him rather than the insurance company, which he claimed was for tax reasons.
The victim in the case held multiple insurance policies through Lasseter with Alfa, a company based in Alabama that also operates in Georgia and Mississippi. Alfa fired Lasseter earlier in 2023 for reasons unrelated to this case. However, during a review of his accounts, the company found irregularities and reported them to the Georgia insurance commissioner’s office. Alfa said it has cooperated fully with investigators and wants to ensure justice is served.
Before working at Alfa, Lasseter held jobs at New York Life Insurance and State Farm Insurance. His license covers property, casualty, accident, and life insurance. Since leaving Alfa, he has been working as a sales manager at a car dealership.
At this point, a date for Lasseter’s sentencing has not been set. The case highlights the importance of oversight in the insurance industry and serves as a reminder for customers to stay vigilant about where their money goes.