News Main Page

Email A Friend

More News

April 15, 2024
Colorado Worker Shows Head Injury Happened as a Consequence of a Knock on the Head at Work

April 4, 2024
Callfornia Division of Workers' Compensation Pharmacy and Therapeutics Committee Meeting Scheduled for April 17, 2024

April 3, 2024
California Division of Workers' Compensation Posts Adjustments to Official Medical Fee Schedule (DMEPOS)

April 2, 2024
California Division of Workers' Compensation Posts Adjustments to Official Medical Fee Schedule for Pathology and Clinical Laboratory

Tom Fallon, a 63-year-old Long Beach, California, insurance agent, and his daughter, Christina Fallon, age 28, have been charged by the Los Angeles County District Attorney’s office on multiple felony counts for allegedly embezzling two injured workers’ Medicare set-aside accounts totaling $273,974.00 and spending the money for their personal use, and with business ventures that include Big Daddy’s Cigar Lounge at 5844 E. Naples Plaza in Long Beach.

Tom Fallon is being arraigned on Monday, July 24^th 2017 in Long Beach Superior Court on charges that include theft by embezzlement and money laundering; and Christina Fallon is scheduled to surrender herself at the Long Beach Police Department on Monday the 24^th as she faces the same charges. 

According to investigators with the California Department of Insurance Investigation Division, Tom Fallon and daughter Christina embezzled the $273,954 from the injured workers who entrusted him to invest their Medicare set-aside settlement funds with his agency, Fortis Financial Insurance Services, Inc.  Tom Fallon then simply diverted their funds into his own accounts. 

“The Fallons’ alleged theft from injured workers is particularly egregious,” said Insurance Commissioner Dave Jones.  “By stealing from injured workers who depend on the funds for future care, the Fallons may have left many victims without the resources they need for medical treatment.” 

Christina Fallon

In December 2014, the victims received an interest payment check from Tom Fallon that bounced for non-sufficient funds, which raised their suspicions that something was wrong.  The victims then filed a request for assistance with the California Department of Insurance Consumer Services Division, which led to a criminal investigation that uncovered the alleged crime and revealed Fallon embezzled over $250,000 from the victims and used the funds for his personal expenses and business ventures, including the Big Daddy’s Cigar Lounge.

The L.A. District Attorney’s office filed their criminal complaint on July 14^th 2017, charging two counts of Theft by Embezzlement PC 504 and 487 (a), and 15 counts of Money Laundering PC 186.10 including PC 186.11 (a) (3) white collar crime enhancements.  If convicted of all charges, the defendants face maximum sentences of more than 16 years in state prison.

 #

lonce@adjustercom.com; Lonce LaMon, journalist