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Insurance Commissioner Jones Announces Arrest Of Riverside Insurance Agent For Grand Theft, Perjury

Dave Althausen
June 7, 2011 2:47 PM

On May 3, 2011 Lourdes Young aka Lourdes Mercado, 60, a Riverside fire and casualty broker-agent, pled guilty in Riverside County Superior Court to one felony count of violating Penal Code section 118, Perjury and two misdemeanor counts of violating Penal Code section 487,Grand Theft. According to CDI investigators, Young was convicted of Driving under the Influence (DUI) of alcohol in 2007. As a result, her driver's license was suspended. In order to avoid detection, Young illegally obtained another California driver's license using her maiden name, Lourdes "Mercado." The Department of Motor Vehicles (DMV) discovered Young's dual licensure and conducted an investigation. As a result of DMV's investigation, she was arrested in 2009 for falsely claiming never to have had a driver's license in another name. In 2010, the Riverside District Attorney's Office alerted CDI of Young's prior conviction and pending criminal case. An investigation conducted by CDI resulted in additional criminal charges being filed against Young for Perjury and filing false documents with a Government Agency. This case was investigated by the CDI Investigation Division, Inland Empire/Rancho Cucamonga offices in conjunction with the Department of Motor Vehicles and prosecuted by the Riverside County District Attorney's Office. Young was ordered to serve three years formal probation, perform 179 days of work release or time in county jail, and surrender her license to sell Insurance.



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