Indicted Georgia insurance commissioner suspends himself

ATLANTA (AP) – Georgia’s insurance commissioner says he will voluntarily suspend himself from office two days after being indicted on federal charges of wire fraud, mail fraud and money laundering.

A 38-count indictment accuses Jim Beck of orchestrating an elaborate invoicing scheme to steal more than $2 million from his former employer before being elected in November.

The Atlanta Journal-Constitution reports that Beck says he sent a letter to fellow Republican Gov. Brian Kemp on Thursday voluntarily suspending himself. Kemp had called for Beck to resign.

Under his self-imposed suspension, Beck will continue to receive his $120,000 salary.

Beck has maintained his innocence and pleaded not guilty Wednesday.

At the same hearing a judge imposed a $25,000 bond and banned Beck from conducting business with his former employer, the Georgia Underwriters Association.

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Information from: The Atlanta Journal-Constitution, http://www.ajc.com

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Secretary Raffensperger Calls for Resignation of Insurance Commissioner

(ATLANTA) — Secretary of State Brad Raffensperger today called for the resignation of Insurance Commissioner Jim Beck following Beck’s indictment by a federal grand jury on 38 counts.

“Accusations of fraud and money laundering are serious in their own right, but funneling those illicit funds into campaign coffers to attempt to influence an election is even more appalling,” said Secretary Raffensperger. “As Georgia’s Chief Elections Officer, and because every Georgia voter has a right to fair elections, I call on Commissioner Beck to resign immediately.”
Beck is charged with fraud and money laundering to fund his personal finances and 2018 campaign for Insurance Commissioner. Beck has since surrendered to federal authorities and suspended himself from office.
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