Tue. Jul 23rd, 2019

Georgian Insurance coverage Commissioner Charged by Federal Authorities for Fraudulent Insurance coverage Scheme

Jim Beck, Georgian Insurance coverage Commissioner

I had simply completed my speech with Nicole Vinson on the Spring Georgia Convention, held this spring, when information of Georgia Insurance coverage Minister Jim Beck had been indicted for 38 counts cost for fraud. plan with insurance coverage inspections and invoices. He alleged that Beck, a former lobbyist and chief of an insurance coverage firm, had embezzled greater than $ 2 million, used a Christian group on this scheme and that a part of that cash had been used for his marketing campaign.

Satirically, Jim Beck used a really highly effective anti-fraud platform. The Atlanta journal has printed an article citing Beck about his lengthy historical past of preventing insurance coverage fraud:

After I was a younger man, my grandmother was a sufferer of a scammer with insurance coverage. This thief not solely robbed him of a lot of his financial savings, but in addition his peace of thoughts. I’m very proud to say that in my years of service as deputy commissioner, I led not solely the anti-fraud unit of the insurance coverage division, but in addition a group of investigators in cost shoppers who collected tens of tens of millions of that Georgia's insurance coverage firms legitimately owed to shoppers. Too usually, Georgian elders are focused by unscrupulous and high-pressure gross sales techniques. That’s the reason, from the primary day, I’ll double the penalties imposed on insurance coverage firms responsible of the victimization of an honorably launched former veteran. Working intently with legislation enforcement and native prosecutors, the anti-fraud unit will establish and aggressively pursue fraud.

One other report signifies that Beck and his representatives will vigorously combat these accusations. Everybody ought to do not forget that Beck needs to be thought of harmless till confirmed in any other case.

However, the following assembly of the Anti-Fraud Process Drive Committee of the Nationwide Affiliation of Insurance coverage Commissioners needs to be attention-grabbing and considerably disturbing. Jim Beck is a member of this committee.

A quote that ought to result in a considered the day

You have to proceed this investigation on Watergate although it results in the president. I’m harmless. You have to imagine that I’m harmless. If you don’t do it, take my job.
– Richard M. Nixon

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