Washington state Insurance Commissioner Mike Kreidler revoked Isaac Mayanja’s insurance license after the Redmond agent allegedly misappropriated thousands of dollars from his clients.

In 2010, a state investigation determined, Mayanja sold at least 19 unapproved annuities to Washington residents. He also repeatedly engaged in the unauthorized withdrawal of clients’ funds, including forgery and misappropriation of their money.

Specifically, he submitted withdrawal forms totaling $15,570 for several clients’ annuities, changing their addresses on the forms to his own address and then transferring the money to his own personal bank accounts.

Mayanja the right to demand a hearing. The orders take effect immediately.