Ga. Insurance Commissioner Charged In $2M Fraud Scam
Law360 (May 14, 2019, 11:03 PM EDT) -- A federal grand jury on Tuesday indicted Georgia Insurance Commissioner Jim C. Beck on charges stemming from a scheme in which he is alleged to have swindled more than $2 million from his former employer, the Georgia Underwriting Association.
Beck, 57, is being charged with wire fraud, mail fraud and money laundering, according to a 38-count indictment. Prosecutors allege that Beck used "an elaborate system of fraudulent invoicing" to pocket a considerable amount of cash while serving as general manager for operations at the underwriting association during the five years leading up to his election as insurance commissioner in November. He...
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