February 16, 2017
Carson City, NV – Nevada Attorney General Adam Paul Laxalt announced that Carlton Conner, 56, of Reno, pleaded guilty to embezzlement, a category “B” felony, for misappropriating insurance funds. The fraudulent acts were committed between July 2013 and November 2016.
Conner, the owner of an insurance brokerage business called Gatekeepers, intentionally violated his fiduciary responsibilities to clients by misappropriating client premiums that were intended for the purchase of insurance. Connor co-mingled the money with Gatekeepers’ operating funds, using those funds to pay for personal and business expenses instead of insurance.
“Theft from those who place their trust in a Nevada business will not be tolerated by this office” said Laxalt. “My investigators and prosecutors will continue to pursue those who embezzle and convert funds for their own use.”
Embezzlement is punishable by up to 10 years of imprisonment and a fine of not more than $10,000. The sentencing hearing for Conner is scheduled for April 19, 2017, in the Second Judicial District Court.
The case was investigated and prosecuted by the Attorney General’s Financial Fraud Unit.
The criminal information for Carlton Conner is attached. If you or someone you know has information regarding a suspected instance of insurance fraud, you may file a complaint with our office here.