Insurance agent faces cease & desist orders, fines
BATON ROUGE, LA (WAFB) - Fraud investigators with the Louisiana Department of Insurance issued cease and desist orders and fine notices to a Baton Rouge insurance agent Monday.
John Shane Vaughn, also known as Aiden Bryce Adams, 37, was served two cease and desist orders and two $50,000 fine notices. Vaughn is accused of insurance fraud, bank fraud, issuing worthless checks, filing false public records, felony theft and identity theft.
He allegedly stole Adams' identity and filed public documents by submitting a fraudulent pre-licensing certificate and a fraudulent insurance producer application with the Department of Insurance. According to investigators, Vaughn presented a fake driver's license and social security number to get an agent appointment with a life insurance company. They said he obtained an annuity policy by writing a worthless check for $212,000 and misappropriated fraudulently obtained premiums intentionally.
Department records show John Shane Vaughn was issued a life, accident and health license in Jan. 2003. The license was valid until his arrest on Monday. Records also show Aiden Bryce Adams was issued the same type of license in Nov. 2007. His license lapsed in April 2008.
Vaughn was arrested by Louisiana State Police on May 29, 2009. He was booked into the Livingston Parish Detention Center on one count of identity theft, one count of bank fraud, four counts of issuing worthless checks and one count of felony theft.
Investigators reported Vaughn was then booked into the Jefferson Parish Prison on one count of identity theft, one count of bank fraud and one count of felony theft.
He was also booked into the East Baton Rouge Parish Prison on two counts of filing false public records, one count of identity theft and two counts of insurance fraud.
The Department of Insurance said Vaughn, a.k.a. Adams, has 30 days from the time of notice to file a written demand for an administrative hearing to contest the regulatory action taken against him by the department.
Investigators said Vaughn has used many different aliases. He is the man pictured in all three photos.
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