Local insurance agent arrested on alleged embezzlement charges


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Submitted: Thu, 09/15/2011 - 5:47pm
Updated: Thu, 09/15/2011 - 9:22pm By:

RALEIGH, NC (WWAY) — A local insurance agent has been arrested and charged with embezzlement. Insurance Commissioner Wayne Goodwin says Earl E. Gay, 58, of Leland is charged with 14 counts of embezzlement by an insurance agent.

Department of Insurance criminal investigators allege that Gay embezzled more than $7,000 in combined life and accident insurance premiums while employed as an insurance agent with American General Life and Accident Company in 2010. An investigation was launched, and victims identified, as the result of consumer complaints filed with the Department of Insurance.

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

3 Comments

  • SurfCityTom says:

    a secured bond for someone very unlikely to run who will make restitution; surrender his insurance license; and receive probation.

    After yesterday’s piece, go figure how they determine bond security.

  • Cracker says:

    People like this do this all of the time & git a way free.

  • Guestbrian says:

    omg! this guy look exactly like my apartment manager at carriage gates apartments in palatka,fl ,i was lookin up apartment managers who embezzled money an this picture came up looking just like my apartment manager……..thinking he changed his name or sumthing

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