Former Insurance Agent Sentenced to 50 Months after Stealing $3.7 Million from Finance Company

LOS ANGELES — Formerly licensed insurance agent Tonja Van Roy, 59, who currently resides in Las Vegas, but operated an insurance agency based in Northridge, California, was sentenced to 50 months in prison today on one federal count of wire fraud after a Department of Insurance investigation revealed that she had stolen more than $3.7 million from a premium finance company named AFCO Credit Corporation (AFCO).

The investigation was initiated after the Department received a complaint from AFCO, which alleged that Van Roy had committed insurance premium financing fraud on the company. The complaint alleged Van Roy, through her insurance agency, submitted fictitious loan applications through AFCO's loan system, which prompted the company to send premium funding payments to Van Roy. 

Read the entire press release. California Department of Insurance, July 7, 2025

NICB assisted the investigation.