LANSING, MI (WKZO AM/FM) — A former Paw Paw insurance agent has been sentenced in a 2012 and 2013 case involving embezzlement from an elderly victim.
60-year-old Brian Lietzau will be on probation for 36 months, including six months under house arrest, and also be ordered to pay restitution for embezzling between $50,000 and $100,000 from an elderly client. Michigan Attorney General Dana Nessel and the Michigan Department of Insurance and Financial Services (DIFS) made the announcement Tuesday morning.
Lietzau appeared Monday in Van Buren County Circuit Court. His sentencing follows a plea deal he entered in February in which he pleaded no contest to one count of embezzlement from a vulnerable adult, $50,000 or more but less than $100,000. He is also responsible for paying restitution of about $70,000 to the estate of the victim, who is now deceased. Lietzau has also surrendered his license to practice insurance.
“We have a duty to protect those who are most vulnerable in our state and to hold the bad actors who seek to take advantage of them accountable,” said Attorney General Nessel. “I am grateful to the hardworking professionals at the Department of Insurance and Financial Services for their continued collaboration on these cases.”
Lietzau is the former owner of Farm Bureau-Lietzau Insurance. Between November 2012 and November 2013, he served as fiduciary and power of attorney for the elderly victim. During that time, he converted her funds to his own personal use. These transfers occurred both while the victim was in the hospital and after she had passed away.
Comments