For Immediate Release: April 9, 2015
Moore County Man Accused of Insurance Fraud and Attempting to Obtain Property by False Pretense
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Brian James Cole, 27, of 1930 Wadsworth Road, Carthage; he is charged with one count each of insurance fraud and attempting to obtain property by false pretense.
Department of Insurance criminal investigators accuse Cole of filing a fraudulent insurance claim with GEICO Indemnity Company following a motor vehicle accident in Sanford on Nov. 29, 2014. Cole claimed he was avoiding a deer and swerved his vehicle off the roadway where it struck a tree. After Cole was informed his claim was not covered due to lack of collision coverage on his vehicle, he allegedly provided a false statement to GEICO claiming he hit a skunk and a deer before striking the tree.
Cole was arrested on April 7 in Moore County and placed under a $5,000 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 1,000 arrests, resulting in more than 500 criminal convictions with more than 200 cases currently pending court. These efforts have delivered more than $61 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.