Georgia Insurance Commissioner Surrenders To Feds On Fraud, Money Laundering Charges

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Georgia Insurance Commissioner Jim Beck surrendered to federal authorities Wednesday morning on charges of fraud and money laundering.

Beck, 57, is expected to have an arraignment hearing at 2:30 p.m. His lawyers have said he intends to fight the allegations that he stole more than $2 million from his former employer before winning his statewide office in November.

The 38-count indictment charges Beck, an ex-insurance lobbyist and long-time leader of the Georgia Christian Coalition, with running an elaborate scheme to defraud the Georgia Underwriting Association. With the stolen cash, the Republican allegedly paid his credit card bills and taxes — and even funded the 2018 campaign that landed him in office.

Authorities said the crimes took place between February 2013 and August 2018, when he left the Georgia Underwriting Association in the middle of the campaign for insurance commissioner.

Read the original article here: ajc.com


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