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Trial: Suspended Georgia insurance chief convicted of fraud

Trial: Suspended Georgia insurance chief convicted of fraud
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Jurors convict former Georgia insurance chief in $2M fraud

Jurors convict former Georgia insurance chief in $2M fraud
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Jurors convict former Georgia insurance chief in $2M fraud - Medicine Hat NewsMedicine Hat News

Jurors convict former Georgia insurance chief in $2M fraud
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ATLANTA (AP) – It took less than two hours Thursday for jurors to decide that Georgia’s suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2 million he embezzled from his former employer.
The verdict was a swift end after testimony that stretched over parts of eight days. Federal officials began investigating Beck as he was being elected statewide in 2018 as Georgia’s chief insurance regulator and indicted him weeks after the Republican took office in 2019. ....

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Jury Convicts Suspended Georgia Insurance Commissioner Jim Beck on Fraud, Laundering Charges

Jury Convicts Suspended Georgia Insurance Commissioner Jim Beck on Fraud, Laundering Charges
July 22, 2021
Jurors convicted suspended Georgia insurance commissioner Jim Beck on 37 counts of mail fraud, wire fraud and money laundering and tax fraud charges.
The jury needed about an hour and 20 minutes to return the guilty verdict, putting an end to a two-week federal trial.
Prosecutors alleged Beck embezzled more than $2 million from his previous employer, Georgia Underwriting Association, by funneling funds through a series of fraudulent companies.
Suspended Georgia insurance commissioner Jim Beck
Beck used the money to fund his campaign for commissioner and pay his credit card bills and taxes. ....

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Jurors convict former Georgia insurance chief in $2.5M fraud

Jurors convict former Georgia insurance chief in $2.5M fraud
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