A Denver-area insurance broker accused of siphoning nearly $100,000 from his contracted insurance company partners was indicted last week by a Colorado grand jury for fraud, state officials said.
The statewide grand jury indicted George Gonzalez, 55, on nine charges of insurance fraud and five counts of theft, all felonies, according to court records. The charges stem from several years in which Gonzalez allegedly diverted tens of thousands of dollars in customer payments to himself rather than paying the insurance companies he brokered policies for, according to a news release from the Colorado Attorney General’s Office.
Gonzalez, the owner of insurance broker Amerimex Insurance, sold workers’ compensation insurance policies from Pinnacol Assurance to businesses, according to the indictment. When customers paid Amerimex for an insurance policy, they would make a down payment on the total policy amount and finance the remaining balance over the policy term. Those funds were supposed to be paid to Pinnacol, after which the company would pay Gonzalez a commission, the indictment stated.
Pinnacol discovered the fraud after a new customer called to check on his policy, according to the indictment.
“The customer had paid Gonzalez and Amerimex $1,082 for the policy. However, Gonzalez reported via email that the customer only paid $752 and ultimately remitted $754 to Pinnacol,” the indictment stated.
Pinnacol investigators discovered eight policies Gonzalez created between February 2022 and January 2024 in which Gonzalez collected funds but kept some for himself, according to the indictment. The company reported Gonzalez to the Colorado Department of Law’s Financial Fraud Office in January 2024, after which state investigators discovered an additional eight companies being stolen from, the indictment alleged.
In total, Gonzalez is accused of diverting roughly $97,233 from the nine insurance companies, according to court documents.
“Insurance fraud is a serious crime that affects all consumers,” Colorado Attorney General Phil Weiser said in a statement. “Those who attempt to engage in insurance fraud will be held to account.”
Anyone who made payments to Amerimex Insurance between 2023 and 2026 and believes that their payment may have been more than what was paid to their insurance company is asked to contact the Colorado Attorney General’s Office at amerimexinfo@coag.gov.
Denver-area insurance broker indicted for nearly $100,000 in fraud
