For Immediate Release: October 11, 2010

Lenoir County Man Accused of Insurance Fraud

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Harry Leo Edwards, III, 32, of 2130 Brinson St., Kinston; he was charged with two counts of obtaining property by false pretenses.

Department of Insurance criminal investigators allege that on June, 1, 2008, Edwards, while working as an insurance agent, submitted fraudulent life insurance applications to The Chesapeake Life Insurance Company and Transamerica Life Insurance Company and received advance commissions in excess of $16,000 to which he was not entitled. He has since voluntarily surrendered his insurance license.

Edwards was arrested in Lenoir County on Oct. 11 and placed under a $3,000 unsecured bond. He is scheduled to appear in court on Oct. 12.

The Department of Insurance employs 20 sworn law enforcement officers dedicated to investigating claims of insurance fraud. So far in 2010, these criminal investigators have seen more than 268 cases successfully closed with more than $18.5 million in restitution and recoveries, 54 criminal convictions and 89 arrests.

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 Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.com.

--NCDOI--