For Immediate Release: August 20, 2012

Yadkin County Insurance Agent Arrested for Alleged Embezzlement, Forgery

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Charles Everett Collins, 69, of 1535 St Andrews Court, Yadkinville; he is charged with one count each of embezzlement by an insurance agent, common law forgery and making a false statement.

Department of Insurance criminal investigators allege that in December 2011, while working as an agent for a Yadkinville insurance agency, Collins forged the signature on a $4,452.00 refund check that was issued to a policyholder and deposited the funds into the agency’s bank account without the policyholder's permission.

Investigators also accuse Collins of signing and issuing a certificate of insurance for a local sports club when he knew that the policy had been cancelled months prior for non-payment of premiums.

Collins surrendered at the Yadkin County Sheriff’s Office on Aug. 19 and was placed under a $50,000 unsecured bond. His first appearance in Yadkin County District Court is scheduled for Aug. 22.

The Department of Insurance employs 20 sworn state law enforcement officers dedicated to investigating and prosecuting claims of insurance and bail bonding fraud. Since Insurance Commissioner Wayne Goodwin took office in 2009, criminal investigators have received more than 14,000 complaints, resulting in 602 arrests, 333 criminal convictions and more than 110 pending court cases. These efforts have delivered more than $48.5 million in restitution and recoveries for victims.

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