24/7 Headline News
Saturday, January 23, 2021
  • Login
  • HOME
  • High Desert
    • Barstow
    • Lucerne Valley
    • Tri-Community
      • Phelan
      • Pinon Hills
      • Wrightwood
    • Victor Valley
      • Adelanto
      • Apple Valley
      • Hesperia
      • Victorville
  • San Bernardino County
    • Fontana
    • Highland
    • Ontario
    • Rancho Cucamonga
    • San Bernardino
  • Riverside County
    • Corona
    • Moreno Valley
    • Murrieta
    • Perris
    • Riverside
    • Temecula
  • Los Angeles County
    • Antelope Valley
      • Lancaster
      • Palmdale
    • Los Angeles
    • Pomona
  • California
  • U.S.
  • Coupons
No Result
View All Result
  • HOME
  • High Desert
    • Barstow
    • Lucerne Valley
    • Tri-Community
      • Phelan
      • Pinon Hills
      • Wrightwood
    • Victor Valley
      • Adelanto
      • Apple Valley
      • Hesperia
      • Victorville
  • San Bernardino County
    • Fontana
    • Highland
    • Ontario
    • Rancho Cucamonga
    • San Bernardino
  • Riverside County
    • Corona
    • Moreno Valley
    • Murrieta
    • Perris
    • Riverside
    • Temecula
  • Los Angeles County
    • Antelope Valley
      • Lancaster
      • Palmdale
    • Los Angeles
    • Pomona
  • California
  • U.S.
  • Coupons
No Result
View All Result
24/7 Headline News
No Result
View All Result
Home Riverside County Riverside

Riverside Man Convicted of Selling Bogus Surety Bonds

Staff Writer by Staff Writer
Tuesday, June 7th, 2016
in Riverside, Riverside County
0
Mugshot of John Antonio Ruiz

John Antonio Ruiz Mugshot

Share on FacebookShare on Twitter
Borrow $300-$2,000. Pay over 6-12 months. Get Started

RELATED POSTS

PSPD Officers Placed on Quarantine After Being Spit on by COVID-19 Positive Suspect

Jurupa Valley Transient Arrested During String of Riverside Robberies

RIVERSIDE –  A former Riverside agent was convicted of grand theft after selling bogus surety bonds the California Department of Insurance officials said. The crime targeted a large retailer and victimized clients of over $334 thousand in premiums.

Riverside resident, John Antonio Ruiz, 49 was convicted of 11 felony counts of grand theft after stealing client premiums for bogus surety bonds. This theft, exposed clients, including a major retailer to in some cases significant losses.
Business was conducted under the name of Cornerstone Surety and Insurance Agency. Ruiz sold and issued multiple performance and payment bonds to a general contractor, who California Department of Insurance officials said included the bonds with winning bids for numerous new store construction projects.  The retailer discovered that the surety bonds were bogus after attempting to satisfy liens filed by subcontractors.

Through investigation, the California Department of Insurance Investigation Division discovered that Ruiz did not have a valid agent license. Furthermore, the investigation revealed that the collected premiums were pocketed by Ruiz and were never remitted to insurance companies.

“Ruiz’s theft of more than a quarter of a million in premiums left the contractor and the retail client at great financial risk,” said Insurance Commissioner Dave Jones. “I have zero tolerance for dishonest agents or brokers that scam clients.”

Ruiz is scheduled to return to the Riverside Superior court to be sentenced on July 15th.

 

Follow 24/7 Headline on Facebook and Twitter!

 

For late-breaking news, join 24/7 Headline News on our Facebook Newsgroups for Los Angeles County News, Riverside County News, Adelanto News, Coachella Valley News, U.S./World News, Victor Valley/Inland Empire News. If you like what we are doing and want regular updates on your Facebook stream like our Facebook Fan Page. You may also follow 24/7 Headline News on Twitter and Instagram! 
  • Author
  • Recent Posts
Staff Writer
This article was written by a staff member of the 24/7 Headline News Organization
Latest posts by Staff Writer (see all)
  • Fontana Pursuit Leads to Crash, Killing One and Injuring Two Others - Thursday, January 21st, 2021
  • Apple Valley Man, 68, Arrested for The Sexual Molestation and Incest - Monday, January 18th, 2021
  • Barstow Man Arrested for Continuous Sexual Abuse of Two Minor Children - Sunday, January 17th, 2021

Share This Post With Friends and Family

  • Tweet
  • More
  • Email
  • Print

Like this:

Like Loading...
Up to 60% off Clearance with code + Extra 20% off with code CLEAR. Shop now at Macys.com! Valid 1/22-1/24
Tags: Convicted of Fraud RiversideCornerstone Surety and Insurance Agency FraudGrand Theft Insurance FraudInsurance Fraud CaliforniaTheft
ShareTweetPin
Staff Writer

Staff Writer

This article was written by a staff member of the 24/7 Headline News Organization

Related Posts

Healthcare Worker Found Dead in Home with Young Child; Cause of Death COVID-19

PSPD Officers Placed on Quarantine After Being Spit on by COVID-19 Positive Suspect

by Staff Writer
Tuesday, January 5th, 2021
0

PALM SPRINGS, Ca. - Two officers and four Sergeants from the Palm Springs Police Department have been placed on a...

Jurupa Valley Transient Arrested During String of Riverside Robberies

Jurupa Valley Transient Arrested During String of Riverside Robberies

by Christie Martin
Sunday, December 20th, 2020
0

RIVERSIDE, Ca. - A 55-year-old transient was arrested after a string of robberies on Saturday evening. Riverside Police officials said...

Riverside Sex Offender Wanted After Removing His GPS Device

Riverside Sex Offender Wanted After Removing His GPS Device

by Christie Martin
Sunday, October 4th, 2020
0

RIVERSIDE, Ca. - Riverside Police are asking for the public’s help to locate a sex offender who has an outstanding...

Moreno Valley Man Arrested for Driving Drunk with Two Children in the Vehicle

Moreno Valley Man Arrested for Driving Drunk with Two Children in the Vehicle

by Staff Writer
Saturday, October 3rd, 2020
0

RIVERSIDE, Ca. - A Moreno Valley man was arrested for driving under the influence, being twice over the legal limit...

Riverside Police Looking for Suspect who Rammed Police Vehicle

Riverside Police Looking for Suspect who Rammed Police Vehicle

by Staff Writer
Wednesday, September 16th, 2020
0

RIVERSIDE, Ca. - Riverside Police are attempting to locate a suspect who intentionally backed into a police vehicle and narrowly...

Next Post
Francis_Rose_III Retired CHP Officer

Apple Valley Fatal Officer-Involved Shooting Determined to be Justified

One Dead and One Severely Injured in Baker area collision

One Dead and One Severely Injured in Baker Collision

Advertisement:




LATEST NEWS

Rosamond Woman Arrested for Having Sex with a Minor

Rosamond Woman Arrested for Having Sex with a Minor

Thursday, January 21st, 2021
Fallbrook Man Arrested for Rancho Cucamonga Vehicle Versus Pedestrian Hit-and-Run

Fontana Pursuit Leads to Crash, Killing One and Injuring Two Others

Thursday, January 21st, 2021

Like Our Facebook Page:

MOST VIEWED

  • Victorville Man Arrested for Raping His Disabled Male Roommate

    Victorville Man Arrested for Raping His Disabled Male Roommate

    0 shares
    Share 0 Tweet 0
  • DUI Crash Takes Lives of Man & Two Family Dogs; Third Dog Missing

    1 shares
    Share 0 Tweet 0
  • Rialto Man Arrested for Shooting His Girlfriend in the Face

    0 shares
    Share 0 Tweet 0
  • Victorville Father Shot and Killed While Sitting in his Vehicle at Liquor Store

    0 shares
    Share 0 Tweet 0
  • Partial Human Remains Located in a Bag near Rosamond

    0 shares
    Share 0 Tweet 0
24/7 Headline News

24/7 Headline News | A national online news publication providing stories on Crime, Human Interest, Local Events, and Traffic.

CATEGORY

Subscribe to 24/7 Headline News

Enter your email address to subscribe to this blog and receive notifications of new articles by email.

Join 1,062 other subscribers

  • Advertise With Us
  • Cookie Policy
  • Privacy Policy
  • Terms of Use (TOS)
  • Contact Us

24/7 Headline News © Copyright 2021, All Rights Reserved.

No Result
View All Result
  • HOME
  • High Desert
    • Barstow
    • Lucerne Valley
    • Tri-Community
      • Phelan
      • Pinon Hills
      • Wrightwood
    • Victor Valley
      • Adelanto
      • Apple Valley
      • Hesperia
      • Victorville
  • San Bernardino County
    • Fontana
    • Highland
    • Ontario
    • Rancho Cucamonga
    • San Bernardino
  • Riverside County
    • Corona
    • Moreno Valley
    • Murrieta
    • Perris
    • Riverside
    • Temecula
  • Los Angeles County
    • Antelope Valley
      • Lancaster
      • Palmdale
    • Los Angeles
    • Pomona
  • California
  • U.S.
  • Coupons

24/7 Headline News © Copyright 2021, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: