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Fri Sep 6, 2013, 01:08 AM

A Fort Worth Insurance Salesman Stole a $1 Million Settlement from a Widowed Mother of Three


Caleb Deason, from an ad for his company, CD Financial.

When Danny Secker died unexpectedly last January at the age of 41, he left behind a widow, three sons -- one 3 years old, the others 5-month-old twins -- along with a $1 million life insurance policy through Transamerica to help see his family through.

The timing of the life insurance policy, purchased just three months before his death, was almost uncanny, but Transamerica did its due diligence and wired payment to his widow.

She never saw a dime.

Instead, according to an indictment filed Wednesday in federal court, the money went straight into the bank account of their insurance agent, Fort Worth financial planner Caleb Deason. According to court documents, he did so by altering the routing information on the wire transfer and forging the widow's signature.

More at http://blogs.dallasobserver.com/unfairpark/2013/09/life_insurance_salesman_steals.php .

The article states that public documents show that Deason was also fighting foreclosure on his half-million-dollar Fort Worth home. That should be taken as a sign that he shouldn't be a financial planner.

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Reply A Fort Worth Insurance Salesman Stole a $1 Million Settlement from a Widowed Mother of Three (Original post)
TexasTowelie Sep 2013 OP
Warpy Sep 2013 #1
pnwest Sep 2013 #2
Manifestor_of_Light Sep 2013 #3
synapticwave Sep 2013 #4

Response to TexasTowelie (Original post)

Fri Sep 6, 2013, 01:36 AM

1. What a sleaze!

He should never see sunshine unless it's shining through bars and barbed wire for the rest of his life.

Instead, he'll get a little tap on the wrist while a family lives in poverty.

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Response to TexasTowelie (Original post)

Fri Sep 6, 2013, 02:02 AM

2. I mean, did he think she wasn't going to

wonder where her settlement was? That she wouldn't miss $1M? How could he possibly think he'd get away with this?

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Response to TexasTowelie (Original post)

Fri Sep 6, 2013, 02:47 AM

3. What a sleazeball!!!!

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Response to TexasTowelie (Original post)

Fri Sep 6, 2013, 12:34 PM

4. CD Financial? Should be Seedy Financial.

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