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Witness Says Suspended Georgia Insurance Commissioner Used Arson Money to Buy Campaign Signs


Witness Says Suspended Georgia Insurance Commissioner Used Arson Money to Buy Campaign Signs
Suspended Georgia Insurance Commissioner Jim Beck improperly took money from the private insurer he led and used it to buy campaign signs when the Republican ran for office in 2018, a witness testified Friday in Beck’s trial.
The testimony came as federal prosecutors continue to build their case that Beck embezzled from the Georgia Underwriting Association, an insurer Beck managed before he took office as the state’s top insurance regulator in 2019.
Beck is accused of improperly diverting more than $2 million from GUA, an insurer of last resort that covers property owners unable to buy insurance on the regular market. He is on trial after he was indicted in 2019, months after taking office, on charges of mail fraud, wire fraud, money laundering and filing false tax returns. No one else has been indicted. ....

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Witness: Commissioner used arson money to buy campaign signs


Winnipeg Free Press
By: Jeff Amy, The Associated Press
Posted:
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ATLANTA (AP) Suspended Georgia Insurance Commissioner Jim Beck improperly took money from the private insurer he led and used it to buy campaign signs when the Republican ran for office in 2018, a witness testified Friday in Beck’s trial.
ATLANTA (AP) Suspended Georgia Insurance Commissioner Jim Beck improperly took money from the private insurer he led and used it to buy campaign signs when the Republican ran for office in 2018, a witness testified Friday in Beck’s trial.
The testimony came as federal prosecutors continue to build their case that Beck embezzled from the Georgia Underwriting Association, an insurer Beck managed before he took office as the state s top insurance regulator in 2019. ....

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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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