Insurance Commissioner Jim Beck Indicted For Fraud

Georgia Insurance Commissioner, Jim Beck of Carrollton has been indicted with 38 counts of wire fraud, mail fraud and money laundering in the Northern District of Georgia Atlanta Division.

According to indictment documents released by the US District Court, “Beginning in or about February 2013 through in or about June 2018, in the Northern District of Georgia and elsewhere, Jim C. Beck did knowingly devise and intend to devise a scheme and artifice to defraud the Georgia Underwriting Association, and to obtain money and property from that entity by means of a materially false and fraudulent pretense, representation, and promise, as well as by an omission of material facts, well knowing and having reason to know that said pretense, representation, and promise was and would be false and fraudulent when made and caused to be made and that said omission was and would be material.”

Beck was elected as Georgia Insurance Commissioner in November of 2018.