December 1, 2022 - ORANGE COUNTY, Calif. — Angelica Maria Holst, 54, of Fullerton, was arraigned this week on four felony counts of theft after an investigation by the California Department of Insurance found she allegedly embezzled over $35,000 from several clients while working as a licensed insurance agent and operating her own business.

The investigation began after receiving a complaint against Holst alleging that while working as a licensed insurance agent and operating her business, Highway & Environmental Services, Inc., she failed to remit commercial insurance policy payments from several victims. Instead of submitting the collected funds to her managing general agent for the policies, Holst pocketed the payments for personal use.

The investigation found that between July 2018 and December 2018, Holst embezzled a total of $35,789 in premium commercial insurance policy payments from multiple victims meant to secure policies. Holst’s managing general agency stepped in to cover the losses so that no client had a lapse in coverage and were left uninsured.

The Department of Insurance has filed an accusation against Holst and is seeking to revoke her insurance license.

Holst is scheduled to return to court on January 19, 2023. This case is being prosecuted by the Orange County District Attorney’s Office.

Source: CA. Dept. of Ins.