For Immediate Release: February 22, 2013

Arrest of Martin County Man Accused of Unlicensed Bail Bondsman Activity

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Herman L. Basnight, 27, of 1075 Evan Lane, Robersonville; he is charged with two counts of acting as an unlicensed bail bondsman and one count of failure to return a bond premium upon surrender.

Department of Insurance criminal investigators allege that Basnight physically surrendered a defendant to authorities on April 2, 2012 even though his bonding license had been revoked on July 1, 2011. Investigators also allege that Basnight surrendered the defendant without cause, as the defendant had committed no breach of the bond undertaking.

Basnight turned himself to the Martin County Sheriff’s Office on Feb. 21, was processed at the Martin-Bertie County Jail and released on a written promise to appear.

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 16,800 complaints, resulting in 720 arrests and 380 criminal convictions. These efforts have delivered more than $50 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 www.ncdoi.com.

--NCDOI--