A Millbrae insurance agent who stole approximately $300,000 in premiums, leaving several customers filing claims against nonexistent policies, was sentenced to four years in prison.
Irene Koh, 54, was also ordered to pay back the stolen money to Farmers Insurance Company and eight victims.
Koh pleaded no contest in July to five felony counts of embezzlement and admitted causing material fraud.
Prosecutors say between 2004 and February 2007, Koh abused her position of trust by accepting hundreds of thousands of dollars in insurance premiums and spending them instead on a “lavish” lifestyle including a Tiburon home with a $15,000 monthly mortgage.
Koh avoided detection through lies and tactics like changing customers’ addresses to divert mail sent from Farmers, according to the District Attorney’s Office.
Prosecutors also said several customers suffered substantial out-of-pocket losses when they filed claims against policies that turned out to be nonexistent.
Koh had been in custody on $350,000 bail and has credit of 305 days against her four-year prison term.