Baton Rouge, Louisiana - On March 26, 2024, Louisiana State Police announced that in November 2022, they were informed by the Louisiana Department of Insurance about accusations of theft and insurance fraud involving Albert Frederick Peterson III, a 66-year-old Insurance Producer from Baton Rouge, Louisiana. Specifically, Peterson was suspected of engaging in fraudulent activities and/or theft in relation to insurance products offered to the Baton Rouge Police Union (BRPD Union).
A joint investigation by State Police, LDI, and the United States Department of Labor found that Peterson illegally acquired and misused premium and insurance refunds meant for BRPD Union members on 26 different occasions between May 2019 and May 2021, amounting to more than $30,000.00.
Following the investigation, Peterson was issued an arrest warrant on March 6th, 2024 by the 19th Judicial District Court for committing Insurance Fraud and Theft. He was subsequently arrested by LSP Investigators on March 18, 2024, and taken to the East Baton Rouge Parish Prison.
The LSP-IFAT is still looking into cases involving car theft and insurance scams. Anyone who suspects fraud can contact the LSP-IFAT division at [email protected]. Additionally, the Louisiana State Police offers an online reporting system for the public to easily and securely submit reports.
The form for reporting suspicious or criminal activity can be accessed by citizens on the website www.lsp.org by clicking on the designated link.
An arrest is an indication that probable cause exists to believe the subject was involved in the offense alleged. All persons are presumed innocent until proven guilty.