Make us your home page
Instagram

Former Palm Harbor broker charged with fraud

Neal Smalbach, a former broker who was the target of dozens of complaints from disgruntled customers, has been charged in Marion County with three counts of fraud by the state's division of insurance fraud. Smalbach, who lives in Palm Harbor, was arrested April 29 in Pinellas County and is free on $4,000 bond. He entered a plea of not guilty to one count of organized fraud and two counts of insurance fraud stemming from his work with an insurance agency in Ocala. Authorities say that Smalbach intentionally misrepresented whole life policies as mortgage protection insurance, earning about $5,000 in fraudulent commissions. Smalbach, 48, was the subject of an April St. Petersburg Times story about his sales of shares in a shaky Tampa company, Transfer Technology International Corp., to retirees on Social Security. Smalbach's arraignment is scheduled for May 31 in Ocala.

To read a past story about Neal Smallbach go to: www.tampabay.com/news/business/some-retirees-on-limited-incomes-lost-hundreds-of-thousands-to-former/1162624

Former Palm Harbor broker charged with fraud 05/17/11 [Last modified: Tuesday, May 17, 2011 6:36pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. New stores coming to Tyrone Square Mall, like Bath & Body Works

    Retail

    Tyrone Square Mall will welcome a half dozen new stores, like Bath & Body Works and MidiCi's The Neapolitan Pizza Company, this summer.

  2. Target Corp. reaches $18.5 million settlement with 47 states over data breach

    Retail

    Target Corp. has agreed to pay Florida $928,963 out of a newly-announced $18.5 million settlement over a huge data breach that occurred in late 2013.

    Forty-seven states and the District of Columbia have reached an $18.5 million settlement with Target Corp. to resolve the states' probe into the discounter's massive pre-Christmas data breach in 2013. 
[Associated Press]
  3. Gov. Rick Scott's family history of alcohol abuse could decide 'liquor wall' bill

    Legislature

    TALLAHASSEE — Gov. Rick Scott must decide Wednesday whether to let Walmart and other big-box stores sell liquor, and he says a factor in his decision is the history of alcohol abuse in his family.

    Florida Governor Rick Scott is considering a veto of a bill that would allow Walmart, Target and other big box retail stores to sell liquor. [Andres Leiva | Tampa Bay Times]
  4. Tampa lands Super Bowl in 2021

    Bucs

    TAMPA — Record rainfall in Los Angeles ultimately may end Tampa Bay's drought of hosting the Super Bowl.

    Mike Tomlin celebrates with LaMarr Woodley and Troy Polamalu after the Steelers beat the Cardinals in 


Super Bowl XLIII  on February 1, 2009 at Raymond James Stadium in Tampa. [Times files (2009)
  5. As St. Petersburg's Jabil Circuit broadens its business, it shrinks its name to Jabil

    Corporate

    St. Petersburg's Fortune 500 company, Jabil Circuit, informally tossed aside the "Circuit" in its name some time ago. That's because circuit board manufacturing, the company's core business for decades, has been squeezed out by a broader business agenda ranging from consumer packaging to supply chain management.

    Jabil Circuit informally dropped "Circuit" from its marketing material and signage, like at its St. Petersburg headquarters, years ago. Now it's official.
[Times file photo]