For Immediate Release: October 18, 2010
Insurance Adjuster Arrested on Charges of Embezzlement
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of a Mecklenburg County insurance adjuster for alleged embezzlement.
Shaun Brown, 32, of Charlotte, is charged with four counts of embezzlement by an insurance agent, broker or administrator.
Investigators allege that while Brown was employed as an insurance adjuster by Nationwide Insurance, he altered old claims policies on four different occasions from October 2009 to March 2010, then issued claims checks on the altered policies totaling $14,625 to members of his family.
Brown was arrested on Oct. 14 and placed under a $6,000 secured bond.
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.