Thursday, September 27, 2012
Golf insurer in CT arrested for selling illegal insurance in WA
A Connecticut businessman who specializes in insurance for golf tournament hole-in-one prizes has been arrested in his home state after failing to appear for a felony arraignment in Seattle earlier this month.
Kevin Kolenda, 54, was arrested Wednesday in his hometown of Norwalk, Conn. He faces five counts of transacting insurance without a license, a class B felony.
"We've been warning the public about Mr. Kolenda's scam for years," Insurance Commissioner Mike Kreidler said in a recent press release. "He has a long history of selling illegal insurance, refusing to pay prize winners, and thumbing his nose at regulators."
Kolenda was supposed to appear in court Sept. 5 for arraignment on those charges, but he failed to appear. So the judge issued a bench warrant for his arrest.
Kolenda has ignored a previous cease and desist order from our office, as well as a $125,000 fine.
Update (9/28/2012): Added King5 video at top of post.
Posted by Rich R. at OIC at 10:29 AM