Oakland County Salesman Steals Money From Clients: Officials

SOUTHFIELD, MI — An Oakland County insurance salesman is in trouble after he stole money from his clients, according to Michigan Attorney General Dana Nessel.

Charles Walker, of Southfield, was charged with one count of conducting a criminal enterprise, one count of embezzlement by an agent $20,000-$50,000, and two counts of embezzlement by an Agent $1,000-$20,000.

Walker was released on a $1,000 personal recognizance bond. His next court date was scheduled for June 14.

Officials said through his insurance agencies, Charles Walker & Associates (CWA) and the Walker Insurance Agency Group LLC (Walker Agency), Walker collected insurance premiums from commercial clients, but failed to remit those premiums to the insurance carriers and failed to refund unearned premiums to clients who canceled their policies.

Officials revoked CWA’s insurance producer agency license, as well as the insurance producer license of Charles Walker in July 2017, the Attorney's General Office said.

Once his licenses were revoked, Walker simply renamed and started a new insurance agency, the Walker Agency, at the same Southfield address and continued selling insurance to commercial clients, the Attorney's General Office said.

"Companies pay premiums to protect their assets from unforeseen damages and theft," Nessel said. "When insurance agents fraudulently pocket the money paid to them, it hurts their customers and leaves them without critical insurance coverage."