Leading Public Adjusters One President Pedro Iriarte III was arrested for theft after failing to turn over a $61,282 insurance settlement to elderly clients.
The investigation revealed that Iriarte sent the insurance checks to the Westchester couple, instructing them to endorse and return them for deposit to his business account.
At least one member of the couple is over 65, leading to more severe charges under Florida law for Iriarte's actions.
Pedro Iriarte is not to be confused with his brother Julio, another public adjuster who has faced similar grand theft charges in the past.
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