DOI News

For Immediate Release: Contact:
September 14, 2009 Kristin Milam
Johanna Royo
Former Laurinburg Pastor Arrested on Charges of Embezzlement
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of James William Rupard, 47, 12460 Angus Drive, Laurinburg, after a year long investigation between DOI Criminal Investigations Division, the State Bureau of Investigation and the Laurinburg Police Department. According to the arrest warrants, Rupard, the owner of American Insurance Marketing, sold fake annuities to three victims; two at $5,000 and one for $35,000 for a total of $45,000. The victims' money has not been returned.
Rupard is charged with three counts of embezzlement by an insurance agent and three counts of obtaining property by false pretense. He was arrested and taken to the Scotland County Sheriff's Office and placed under a $100,000 secured bond. That was reduced to a $10,000 bond during a hearing Monday. Investigators are still looking for other potential victims of Rupard. Anyone who thinks they may be a victim is asked to call the department at 919-807-6840.
The Department of Insurance employs 20 sworn law enforcement officers dedicated to investigating claims of insurance fraud. So far in 2009, these criminal investigators have seen more than 174 cases successfully closed with more than $8.6 million in restitution and recoveries, 47 criminal convictions and 86 arrests and 75 cases pending in court.
An estimated 10 cents of every dollar paid in premiums goes toward the payment of fraudulent claims. 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 --