POSTED: 1:02 p.m. HST, May 12, 2014
LAST UPDATED: 11:24 a.m. HST, May 13, 2014
|This story has been corrected. See below.|
The state insurance commissioner revoked the license of the owner of a Hawaii bail bond agent, who failed to pay bail forfeiture judgments, the Department of Commerce and Consumer Affairs said in a news release.
Ida Pearson Peppers, who operated Freedom Bail Bond, was ordered to cease and desist from doing business as a bail bondsman. She was also fined $25,000.
Peppers employed fraudulent and dishonest practices and accrued more than $367,000 in six unpaid bail forfeiture judgments, according to the cease and desist order.
State insurance laws require insurance producers acting as bail bond agents to satisfy, pay or discharge, final non-appealable bail forfeiture within 60 days following notice of entry of judgment.
The state Attorney General's Office is investigating and pursuing collection of numerous bail forfeitures by Freedom Bail Bond, the news release said.
CORRECTION: A previous version of this story said that Peppers' license was suspended. It was revoked.