Former Santa Ana Insurance Agent Arrested In $1.1 Million Securities Fraud Scheme

Orange, Calif. — Former insurance agent Brian Fredric Sauls, 48, of Santa Ana, was arrested on 13 felony counts of securities violations, theft from an elder, and residential burglary after allegedly persuading clients to invest over $1.1 million in unregistered securities in order to receive over $148,000 in undeserved commissions.

Read the entire California Department of Insurance press release.  NICB assisted with this case.