Sunday, November 1, 2020

Georgia insurance commissioner indicted for fraud

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A federal grand jury in Atlanta handed down a 38-count indictment against Georgia’s insurance commissioner.

Jim Beck was indicted on charges of wire fraud, mail fraud, and money laundering. The indictment alleges that he was involved in insurance-related schemes. The indictment says that the schemes earned Beck millions, some of which the Republican used to help win election as insurance commissioner in November.

The alleged crimes date back to 2013, when Beck was the general manager of operations for the Georgia Underwriting Association. From 2013 to 2018, Beck reportedly earned more than $2 million from the schemes through the association.

In addition to elected office, he has served in a number of other state government roles and is well-known among those at the Georgia Capitol.

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Beck’s representatives said he denies the allegations. He retained William Thomas as his lawyer, who sent a statement to the Washington Examiner saying that Beck intends to fight the charges.

“Jim strongly denies these charges, and we intend to mount a vigorous defense,” Thomas said. “Jim looks forward to clearing his good name.”

“We are also pleased to note that these allegations do not relate to Jim’s performance as the Commissioner of Insurance where, among other things, he has led the fight against insurance fraud and for transparency,” Thomas added. “Jim looks forward to continuing his work as Insurance Commissioner protecting Georgia consumers.”

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