More charges have been filed against a former Plant City financial advisor and insurance agent accused of exploited her elderly clients.
According to the Chief Financial Officer's office, Paula Kampf Albertson, 53, was originally arrested in September after investigators said she had made her family members the beneficiaries of her clients' insurance benefits. Investigators said Albertson stole $200,000 in insurance claims from her clients.
Officials said that more victims came forward after Albertson's initial arrest, resulting in three more coutns of grand theft being filed against her.
Investigators said in one of the original cases, Albertson changed the home address on a dying client's annuity policy to her own home address, then ordered a change of beneficiary form that named her husband and stepson, both licensed insurance agents, as beneficiary and contingent beneficiary. Albertson is accused of lying on the form, saying her husband and stepson were the client's cousin and nephew.
When the client passed away a few weeks later, Albertson's husband fraudulently filed a death benefits claim and collected more than $150,000, investigators said.
Albertson agreed to a guilty plea of insurance fraud, which resulted in a minimum prison sentence of 21 months, as well as the immediate termination of her license and a prohibition against the acceptance of profits from any practice of insurance, officials said.
No further information is available.