For Immediate Release: August 16, 2016

Greensboro Agent Charged with Embezzlement and Identity Theft

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Eddie Ray Butler, 29, formerly of Greensboro; he is charged with eleven counts of Identity Theft and one count of embezzlement by an insurance agent in Forsyth County and one count each of insurance fraud and attempting to obtain property by false pretense Guilford County.

Department of Insurance criminal investigators accuse Butler of creating eleven fraudulent auto insurance policies in order to collect approximately $1,200 in commission payment while acting as an agent in Forsyth County. Investigators allege Butler claimed larceny occurred at his residence in Guilford County and provided false documents to Allstate Insurance Company.

Butler was arrested on Aug. 4 in High Point and placed under a $115,000 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 1,500 arrests, resulting in more than 750 criminal convictions with more than 250 cases currently pending court. These efforts have delivered more than $72.1 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--