For Immediate Release: November 7, 2013
Knightdale Man Accused of Defrauding Insurance Company with Stolen Vehicle Claim
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of William Henry Bullock, 64, of 417 Three Sisters Road, Knightdale; he was charged with one count of obtaining property by false pretense.
Department of Insurance criminal investigators allege that Bullock falsely reported his Ford Mustang stolen, filed a fraudulent insurance claim with GEICO Insurance Company and accepted approximately $4,600 to settle the claim. An anonymous caller reported that the vehicle was being stored under a tarp behind Bullock's girlfriend's residence and investigators recovered the vehicle.
Bullock was arrested on Nov. 6 and was placed under a $2,000 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.