Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, November 9, 2012

Tom Hanks and Other Celebrities Defrauded By Insurance Broker

MoneyAn insurance broker from Southern California, Jerry B. Goldman, has been arrested and charged with defrauding Tom Hanks and other celebrity clients. The broker allegedly overcharged Tom Hanks, musician Andy Summers, and others on their insurance premiums. He would collect the inflated insurance premiums, send the company the correct amount, and keep the surplus that he charged. Goldman was quite thorough in his criminal actions. When his clients would ask for their policies, Goldman would alter the document so that it did not disclose their actual premiums. Goldman did this "'to lull his clients into a false sense of security.'" On October 30, 2012, a federal grand jury indicted him for overcharging the victims over $800,000 on their insurance policies.

See Robert Jablon, Insurance Broker Charged With Defrauding Tom Hanks, Kypost.com, Nov. 7, 2012.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.


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