Suspended Georgia Insurance Commissioner Jim Beck Takes Stand at Fraud Trial
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Jury convicts suspended Georgia insurance commissioner of fraud in scheme against insurer he managed - 41NBC News
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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.