Timothy Michael Moore, 40, of Fayetteville, N.C., has been arrested on four counts of embezzlement by an insurance agent, state Insurance Commissioner Wayne Goodwin announced today.
North Carolina Department of Insurance criminal investigators allege that between Nov. 7, 2008, and Oct. 31, 2009, Moore embezzled $5,842.05 while he was a licensed insurance agent and owner of TM Moore Insurance Agency DBA Affinity Financial Group in Fayetteville.
He is accused of defrauding Dairyland Auto Insurance Company, Discovery Insurance Company, GMAC Insurance and N.C. Grange Mutual Insurance Company by taking money from policyholders for insurance premiums and pocketing the money for his personal use.
Moore was arrested by the Fayetteville Police Department on Sept. 14, processed at the Cumberland County Detention Center and put under a $500 unsecured bond. He was scheduled to appear in court on Sept. 15.
The Department of Insurance employs 20 sworn law enforcement officers dedicated to investigating claims of insurance fraud. So far in 2010, these criminal investigators have seen more than 167 cases successfully closed with more than $5.8 million in restitution and recoveries, 40 criminal convictions and 66 arrests.
Topics Agencies North Carolina
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