Oklahoma Insurance Commissioner Carrol Fisher has been indicted, his lawyer told the Associated Press. What the indictment alleges is still unclear, though a grand jury has been investigating a Fisher-organized charity’s fundraising activities.
Fisher will be arraigned in Oklahoma County District Tuesday, Feb. 17, his lawyer Irven Box said. The indictment will also be unsealed then.
Fisher is running for the Democratic nomination for an open seat for the U.S. Senate.
According to the AP, several witnesses related to the Fisher Foundation testified before the grand jury. The group was founded in 1999 to provide shoes to children and as of May 31 had raised $54,129 but had not yet bought any shoes.
Fisher’s lawyer said the commissioner wanted to raise $100,000 as principal and then use interest funds for the stated charity purposes.
Last December, Fisher was investigated by Oklahoma’s Ethics Commission for accepting more than $30,000 in furniture, art and kitchen equipment from insurers regulated by the state. Fisher has returned the items.
Fisher has been involved in the insurance business for 40 years as a health underwriter, according to the biography available at the Oklahoma Department of Insurance’s Web site. He was president of the National Association of Health Underwriters.
M. FENNER says: 
Forget It says: 
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
