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Suspended Georgia Insurance Commissioner Jim Beck Takes Stand at Fraud Trial

Suspended Georgia Insurance Commissioner Jim Beck Takes Stand at Fraud Trial
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

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Beck testifies cash from Georgia insurer was for real work

Beck testifies cash from Georgia insurer was for real work
July 20, 2021 at 5:08 pm
ATLANTA (AP) Georgia’s suspended insurance commissioner testified at his federal fraud trial Tuesday, saying he oversaw valuable work for his former employer and that hundreds of thousands of dollars that flowed to an entity he controlled was not part of a scam.
Jim Beck took the stand in his own defense in federal court, where he is accused of diverting more than $2 million from the Georgia Underwriting Association, the state-chartered private entity he led before taking office as the state’s top insurance regulator in 2019.
Beck was indicted in 2019, months after taking office, on charges of mail fraud, wire fraud, money laundering and filing false tax returns. ....

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Suspended insurance commissioner testifies cash from Georgia insurer was for real work

Suspended insurance commissioner testifies cash from Georgia insurer was for real work
fox5atlanta.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox5atlanta.com Daily Mail and Mail on Sunday newspapers.

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Fraud or innovation? The Trial of Georgia Insurance Commissioner Jim Beck! | 96.3 KISS-FM

Jul 13, 2021
Suspended Georgia Insurance Commissioner Jim Beck
ATLANTA (AP) Prosecutors want jurors to conclude that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk money from the property insurer he led before being elected.
Defense attorneys say Beck was actually an innovative executive who led the Georgia Underwriting Association to strong profits and that prosecutors don’t understand Beck’s innovations.
That’s how lawyers on Tuesday kicked off a trial for Beck in federal court in Atlanta.
The Republican was elected insurance and safety fire commissioner in 2018 and then indicted in May 2019, months after taking office. Beck is charged with mail fraud, wire fraud and money laundering. ....

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Fraud or innovation? Views clash in trial of Georgia's Beck

ATLANTA
Prosecutors want jurors to conclude that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk money from the property insurer he led before being elected. Defense attorneys say Beck was actually an innovative executive who led the Georgia Underwriting Association to strong profits and that prosecutors don’t understand Beck’s innovations.
That’s how lawyers on Tuesday kicked off what’s expected to be a two-week trial for Beck in federal court in Atlanta. The Republican was elected insurance and safety fire commissioner in 2018 and then indicted in May 2019, months after taking office. Beck is charged with mail fraud, wire fraud and money laundering. ....

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