Georgia Insurance Commissioner indicted

Georgia Insurance Commissioner indicted
Georgia’s Insurance and Safety Fire commissioner Jim Beck was indicted on 38 counts of fraud, along with embezzlement of over $2 million dollars.

ATLANTA - Georgia’s Insurance and Safety Fire commissioner Jim Beck was indicted on 38 counts of fraud, along with embezzlement of over $2 million dollars.

In a report FOX 54 learned that the 38 charges go as far back as the time Beck served as general manager of operations of Georgia Underwriting Association. Beck is accused of overseeing a scheme to defraud the association of millions of dollars.

Along with overseeing the scheme, prosecutors allege that Beck used the money for personal expenses and to fund personal investment, retirement and savings accounts, and his statewide election campaign.

In an emailed statement from the Democratic Party, the Georgia chairwoman Nikema Williams issued the following statement:

“Commissioner Beck has abused his power over years of public service to enrich himself, and committed fraud against the very citizens he is supposed to serve and protect. As Insurance Commissioner, he should be protecting the people of Georgia from corruption and fraud, but instead he has shown that he is exactly who they should fear. He has zero credibility to continue in his role, and should resign immediately. “

This story is developing.

Information for this article provide by the Associated Press.

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