Local insurance professional arrested on alleged embezzlement charges

RALEIGH, NC (WWAY) -- A nearby insurance professional continues to be arrested and billed with embezzlement. Insurance Commissioner Wayne Goodwin states Earl E. Gay, 58, of Leland is billed with 14 counts of embezzlement by an insurance coverage agent.

Department of Insurance criminal researchers allege that Gay embezzled a lot more than $7,000 in combined existence and accident insurance rates while employed being an insurance professional with American General Existence and Accident Company this year. An analysis was released, and sufferers recognized, because of consumer complaints filed using the Department of Insurance.

With the help of the Brunswick County Sheriff’s Office and New Hanover County Sheriff’s Office, Gay was arrested yesterday in Brunswick County and placed directly under a $10,000 guaranteed bond.

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This page contains a single entry by Sam published on September 25, 2011 4:12 PM.

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