Police charge insurance broker for defrauding employer

Lethbridge Police have charged a 36-year-old man in connection with a $500,000 fraudulent scheme.

In October 2016 police responded to a report of fraudulent activity at Schwartz Reliance Insurance Brokers after an employee noted discrepancies in accounts managed by one of the partners.

Investigation determined that between January 2008 and September 2016 the partner had created fake accounts and altered existing accounts in order to generate higher commissions for his own personal gain. The total amount the business was defrauded totals just over $541,300.

Police can advise that no clients were directly impacted or suffered any losses as a result of this crime. The business was the sole victim and the partner’s employment has been terminated.

Stephan James Evanson, 36, of Stirling is charged with fraud over $5,000 and money laundering. Evanson has been released from custody with conditions that he not attend the business or have any contact with employees.

Evanson is scheduled to appear in court March 27.