Allstate Employee Derl Knarr, Charged With Stealing

Use this forum to tell us about your worst adjuster, and your worst adjuster experience.

Allstate Employee Derl Knarr, Charged With Stealing

Unread postby RatPak11 » Sat Feb 08, 2014 1:01 pm

http://republicanherald.com/news/herndo ... -1.1631010

Herndon man charged with stealing insurance money
BY PETER E. BORTNER (STAFF WRITER PBORTNER@REPUBLICANHERALD.COM)Published: February 8, 2014

Federal prosecutors on Friday charged a lower Northumberland County man with stealing more than $630,000 in insurance money over the course of six years.

Derl Knarr, 55, of Herndon, stole the money between 2006 and 2012 while working for Allstate Financial Services, U.S. Attorney Peter J. Smith said.

A spokeswoman for Smith said that Knarr worked in an office in Selinsgrove and served clients in Snyder and Union counties.

Prosecutors filed the felony charge in U.S. District Court in Williamsport.

If convicted, Knarr faces a maximum possible penalty of 10 years in prison, a term of supervised release after imprisonment and a fine of more than $250,000.

The FBI's State College resident office investigated the case.

Assistant U.S. Attorney Wayne P. Samuelson has been assigned to prosecute the case.
RatPak11
Done That
Done That
 
Posts: 3082
Joined: Tue Feb 20, 2007 3:25 pm

Re: Allstate Employee Derl Knarr, Charged With Stealing

Unread postby RatPak11 » Fri Feb 14, 2014 6:15 pm

http://www.dailyitem.com/0100_news/x128 ... bezzlement

February 7, 2014
Former insurance agent charged with embezzlement
The Daily Item

WILLIAMSPORT — A former insurance agent who lives in Herndon is accused converting more than $600,000 in clients’ money for personal use including trips to gambling casinos.

A criminal information filed Friday in U.S. Middle District Court charged Derl H. Knarr, 55, with embezzlement. He is a former Allstate Insurance agent.

The charge alleges between 2006 and 2001 in Snyder, Northumberland and other counties, Knarr caused clients to liquidate certain Lincoln Benefit Life Co. annuities claiming they would be rolled over into other annuities.

He is accused of having the clients endorse the checks to him that he then deposited in accounts he controlled including one at M&T Bank in the name of T&D Realty, a limited partnership he formed in 1999 to hold certain real property associated with his insurance business.

The government alleged Knarr used the money for personal expenses including trips to gambling casinos in Pennsylvania and New Jersey.

Knarr has agreed to plead guilty and make full restitution. The charge carries a 10-year maximum but the plea agreement states the government will recommend a term of six months below the advisory guidelines.
RatPak11
Done That
Done That
 
Posts: 3082
Joined: Tue Feb 20, 2007 3:25 pm

Re: Allstate Employee Derl Knarr, Charged With Stealing

Unread postby RatPak11 » Sat Feb 15, 2014 3:52 pm

http://newsitem.com/news/herndon-man-to ... -1.1634830

Herndon man to plead guilty to insurance theft
Published: February 15, 2014

WILLIAMSPORT - A Herndon man charged by the U.S. Attorney's Office with stealing more than $630,000 in insurance funds plans to enter a guilty plea Tuesday.

Derl H. Knarr, 55, will plead guilty to a felony of theft of insurance funds before Judge Matthew Brann in U.S. District Court in Williamsport and has agreed to make full restitution.

According to U.S. Attorney Peter J. Smith, Knarr stole the funds in Snyder, Northumberland and other counties while he worked as an agent for Allstate Financial Services. The thefts occurred between 2006 and 2012.

The investigation was conducted by the FBI, State College Resident Office.

Allstate Financial Services is a subsidiary of Allstate Insurance Company, which offers auto, home, life and business insurance, retirement and investment products and banking services.

According to court documents, Knarr allegedly embezzled, abstracted, purloined and misappropriated money, funds, premiums, credits and other property of the insurance business totaling $630,836.72. His actions caused clients to liquidate certain Lincoln Benefit Life Company annuities and endorse proceeds checks to him.

Knarr is accused of depositing the endorsed checks into accounts which he controlled including a TD Realty account at M&T Bank. Knarr collected funds from clients for the purchase of annuities which the defendant failed to purchase, but deposited into accounts that he controlled at M&T Bank and Union Bank.

Knarr also allegedly used the funds stolen from his clients to pay for personal expenses including trips to gambling casinos in Pennsylvania and New Jersey.
RatPak11
Done That
Done That
 
Posts: 3082
Joined: Tue Feb 20, 2007 3:25 pm


Return to Worst Allstate Adjusters

Who is online

Users browsing this forum: No registered users and 2 guests

cron