For Immediate Release: November 5, 2013

Waynesville Bail Bondsman Held on Alleged Embezzlement Charges

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest Juan Camacho, 45, of 275 Hyatt St., Waynesville; he was charged with 12 counts each of embezzlement and obtaining property by false pretense.

Department of Insurance criminal investigators allege that between 2012 and 2013, while working as a licensed bail bondsman, Camacho fraudulently obtained money from bonds he wrote without the knowledge of his employer and converted those funds for his own personal use. The investigation was handled jointly by the North Carolina Department of Insurance Criminal Investigations Division, Waynesville Police Department and the Haywood County District Attorney's Office.

Camacho was arrested on Nov. 5 in Haywood County and was placed under a $275,000 secured bond.

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 made more than 800 arrests, resulting in 430 criminal convictions thus far. These efforts have delivered more than $55 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.

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