PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Farrow Law Firm

Press Release

Share      Blog

Receive press releases from Farrow Law Firm: By Email PDF Version RSS Feeds:

Insurance Office of America, John Ritenour and Heath Ritenour Facing Three (3) Lawsuits Alleging Fraud and Stolen Agent Commissions


Allegations in a Florida lawsuit against John Ritenour and Heath Ritenour involve Racketeering "RICO" Charges and Stolen Commissions.

Orlando, FL, December 16, 2019 --(PR.com)-- The Farrow Law Firm, Brach Eichler and Cooper Levenson have filed separate complaints against Longwood, Florida-based Insurance Office of America Inc. (IOA), with one also against individuals John Ritenour and Heath Ritenour, alleging Plaintiffs were defrauded out of rightfully owed insurance commissions in the States of New Jersey and Florida.

The allegations in the Florida lawsuit include Civil Racketeering (“RICO”) and that RICO Defendants John Ritenour and Heath Ritenour conspired in a scheme to steal licensed agent accounts so they could greater enrich themselves and the stock price of their company.

Allegedly, from these illegal actions, IOA misappropriated commissions owed to independent insurance agents such as Plaintiffs Scott Strenger, Rick Collins and Louis Spagnuolo, as well as many others resulting in a “Ponzi” like scheme to artificially inflate its stock valuation.

According to the Florida lawsuit, these RICO Defendants coordinated the affairs of the RICO Enterprise through a pattern of racketeering activity that consisted of repeated violations with the intent to defraud Plaintiff and unsuspecting IOA Employees.

“These allegations encompass a wide-spread epidemic that has been ongoing for many years without boundaries,” said Jay Farrow of the Farrow Law Firm.

According to one of the lawsuits in New Jersey, allegedly, there was a culture with IOA that utilized unlicensed agents to defraud and discriminate against its victims, which allegedly violated New Jersey laws designed to protect against such unlicensed activity.

“By the looks of it, the Plaintiffs in New Jersey were allegedly fraudulently induced to enter a corrupt culture that rewarded unlicensed activity while they were being defrauded out of substantial earned commissions,” said attorney Farrow. “Clearly with these three similar lawsuits, it isn’t hard to see the pattern of alleged illicit behavior on the part of IOA and the Ritenours.”

Farrow concluded, “We look forward to justice being served as we are learning more facts related to the legal action.”

(Contact: Janine Davis, Janine@FarrowLawFirm.com, 954-252-9821)
Contact Information
Don’t Look Media
Janine Davis
954-252-9821
Contact
www.FarrowLawFirm.com
Attached Files
Spagnuolo Complaint
Filename: SpagnuoloIOA-Complaint2.pdf
Strenger Complaint
Filename: StrengerComplaint.pdf

Collins Complaint
Filename: CollinsvsIOA.jpg
Naughton Complaint
This new complaint evidences new Defendants and names "John Doe's" referencing that the investigations continues and will be adding more names.
Filename: 2ndComplaintMoreDefendants.pdf
  

Click here to view the list of recent Press Releases from Farrow Law Firm
Promote Your Business