Idaho Pulls License of Broker Who Admitted to Filing False Income Tax Returns 

click to enlarge BRIAN TURNER, CC BY 2.0

The Idaho Department of Insurance announced Thursday it had revoked the license of a Magic Valley insurance broker after the Internal Revenue Service said she submitted more than 2,500 false federal income tax returns over four years.

When Cruz "Kelly" Chacon, 43, pleaded guilty to filing the false returns in a Boise federal courtroom in February, she was ordered to pay more than $81,000 in restitution. In May, Chacon was sentenced to 18 months in federal prison, followed by one year of supervised release.

The Idaho Department of Insurance on Thursday said Chacon would not contest the revocation of her license, effective immediately. Idaho Code triggers a "revocation of the license of a producer who has pleaded guilty to any felony which shows dishonesty, a lack of integrity and financial responsibility, or an unfitness and inability to provide acceptable service to the consuming public," according to the department.

“We are obligated to remove the license when we are made aware of misdeeds that could negatively impact the insurance-buying public,” stated Idaho Department of Insurance Director Dean Cameron in Thursday's announcement.
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