InsuranceTek, Inc.
Outcome
Vicki Boser, 58, owner of InsuranceTek, Inc. in Snohomish, Washington, was sentenced December 7, 2021 to 2 years in federal prison and ordered to pay $273,137 in restitution for stealing approximately $750,000 in insurance premiums from clients from 2014–2016 by fraudulently signing policies without client knowledge, overcharging clients, diverting premium payments to fund a casino gambling habit, and providing fake certificates of insurance to clients whose coverage she failed to secure.
Details
InsuranceTek, Inc. / Vicki Boser — $750,000 Premium Theft and Fake Insurance Certificates, Snohomish (2021)
Outcome: Vicki Boser, 58, owner of InsuranceTek, Inc. in Snohomish, Washington, was sentenced December 7, 2021 to two years in federal prison and three years supervised release plus $273,137 in restitution to eight defrauded clients, for stealing approximately $750,000 in insurance premiums from 2014 through 2016 — fraudulently signing policies without clients' knowledge, diverting premiums to fund casino gambling, and providing fake certificates of insurance to clients whose coverage was never actually purchased.
Vicki Boser owned and operated InsuranceTek, Inc. in Snohomish, Washington from 2003 until Washington Insurance Commissioner Mike Kreidler revoked her license in 2017. The fraud scheme that led to her federal prosecution operated from 2014 to 2016 and involved multiple deceptive practices. Boser fraudulently signed insurance policy documents on behalf of clients without their knowledge or consent — a form of forgery that allowed her to make clients believe coverage had been arranged while she diverted their premium payments.
When clients paid premiums to Boser for insurance coverage, she pocketed the funds rather than remitting them to the insurance carriers. To maintain the appearance of legitimate coverage and delay discovery, she provided some clients with fake certificates of insurance — fraudulent documents suggesting policies were in place when no such coverage existed. Boser used the stolen premium funds to support a casino gambling habit at area casinos.
The scheme defrauded eight identified clients of amounts totaling $750,000 over approximately two years. At sentencing, U.S. District Judge James L. Robart likened the conduct to a Ponzi scheme, noting the classic embezzlement pattern from clients in a fiduciary relationship. Boser pleaded guilty to five counts of wire fraud in August 2021 and was sentenced in December 2021.
Primary Source: DOJ Western District of Washington — Former Insurance Agent Sentenced for Wire Fraud Scheme
How Crucible Prevents This
Crucible's instinct-observer hook would detect the divergence between premium payments collected and carrier remittances — the core signature of premium diversion. The pre-tool-check hook would require documented carrier binding confirmation before any client could be marked as insured. The quality-gate would flag any certificates of insurance issued without a corresponding verified policy number and carrier confirmation.
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