Georgia Commissioner Accused of $2M Theft
On May 14, a federal grand jury indicted Georgia Insurance Commissioner Jim Beck on 38 counts related to the alleged theft of more than $2 million from his former employer, the Georgia Underwriting Association (GUA). Beck, a former insurance lobbyist who headed the Georgia Christian Coalition, is accused of fraud and money laundering as part of an elaborate scheme to steal from the GUA. Prosecutors say that Beck used the stolen money to pay his credit card bills and taxes and to fund his 2018 campaign for insurance commissioner. Beck’s lawyers said that he denies the charges. William Thomas, a former federal prosecutor, and Douglas Chalmers are representing Beck and say they are planning a vigorous defense.