DOI News

For Immediate Release: Contact:
Jan 29, 2009 Kristin Milam
Johanna Royo
919-807-6011
 
Archdale Insurance Agent Arrested on Embezzlement Charges
 
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Teeketa Graham Davis, 48, 2577 Banner Whitehead Rd., Sophia. Department of Insurance investigators arrested Davis late Wednesday on embezzlement charges that totaled more than $68,000.
 
Department investigators allege that Davis, a licensed insurance agent with Wilson Insurance Associates, pocketed $68,465.09 in customer insurance premiums over nearly a two-year period beginning July 2006. The agency's owner, Darrell Wilson, tipped off the Department's Agent Services Division, which conducted a weeklong audit confirming his suspicions. The Agents Services Division then turned over the case to the Department's Investigations Division to begin a criminal case against Davis. She has surrendered her agent license to Department officials.
 
Davis was charged with one count of embezzlement by an insurance agent and processed at the Randolph County Sheriff's Office under a $5,000 unsecured bond.
 
The Department of Insurance employs 20 sworn law enforcement officers dedicated to investigating claims of insurance fraud. In 2008, these investigators saw more than 453 cases successfully closed with more than $5.8 million in restitution and recoveries, 60 criminal convictions and 130 arrests.
 
To report suspected fraud, contact the Department of Insurance Investigations Division at (919) 807-6840. Callers may remain anonymous. Information is also available at the NC-DOI Web site.
 
-- NCDOI --