In North Carolina, 81 individuals across fourteen counties were returned approximately $11 million, thanks to the tenacious work of the North Carolina Department of Insurance's Criminal Investigation Division (CID).
According to an announcement on March 29 by NC Insurance Commissioner Mike Causey, two retired insurance agents, Milton Hooks, 72, of Rocky Mount and James Mangum, 69, of Tarboro were convicted of six counts each of obtaining property by false pretense.
Extensive investigation over 7 years
CID conducted an extensive investigation over the course of seven years that stretched across 14 N.C. counties. According to the CID, Hooks and Mangum targeted senior citizens in a regional scam that involved the reallocation of money people had in savings and insurance policies.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
