Insurance Broker Used $1.9 Million of Clients Funds to Gamble Online

Submitted by Jagajeet Chiba on

Written by :

Jagajeet Chiba

Published on :

An insurance broker from Prudential has been indicted, charged with allegedly bilking his insurance clients out of over $1.9 million and using those funds to gamble online.

The indictment alleges that Daniel J. Trolaro, 34, unlawfully used the funds of nine clients to place wagers via the Internet from June 2008 through February of this year while employed at Prudential in East Hanover, New Jersey. 

Trolaro will not be arrested, however, he must appear before a judge in Morris County in the coming weeks. 

Prudential has since terminated Trolaro, an employee of nearly 10 years, following their own internal investigation.

- Jagajeet Chiba, Gambling911.com

Lock-Poker-091312L.jpg

 

Related Content

Connecticut Former Funeral Director Who Gambled Away Families' Funds Enters Guilty Plea

Connecticut Former Funeral Director Who Gambled Away Families' Funds Enters Guilty Plea

Phillip Pietras, 51, is expected to be sentenced to more than seven years behind bars.
Prosecutors Identify 18 Allegedly Rigged Pitches for Emmanuel Case Trial

Prosecutors Identify 18 Allegedly Rigged Pitches for Emmanuel Clase Trial

Federal prosecutors have identified 18 pitches, including one from a 2024 playoff game, that they allege involved sharing with bettors.
Prostitution, Bestiality and the FBI: Will Congress Act? There's a Bet for That..... But It's Not What You Think

Prostitution, Bestiality and the FBI: Will Congress Act? There's a Bet for That..... But It's Not What You Think

FBI Director Kash Patel defended a hiring policy change Tuesday that allows some applicants who have engaged in prostitution and bestiality to be considered for employment, insisting that the move was made to enable victims of those acts to apply for a job without fear of automatic disqualification.
St. Petersburg Florida Venues Subject of Early Morning Gambling Raids

St. Petersburg Florida Venues Subject of Early Morning Gambling Raids

Action Arcade and The Zoo Sports Club and Grille in St. Petersburg hit as part of “Operation Final Spin.”