While serving as general manager for the Georgia Underwriting Association, the carrier of last resort for high-risk property insurance, he got family and friends to establish companies to send bills to the Association for work that had not been performed. He took the payments and used them for his personal use.

If convicted he could spend multiple years in prison but if he wins the case he would return to his role as insurance commissioner for the state as he is currently suspended from that position, not fired.

July 26, 2021 update – The federal jury convicted the former commissioner on thirty-seven counts of the indictment that charged him with embezzling over $2 million from the Georgia Underwriting Association.

October 13, 2021 – The former commissioner has been sentenced to seven years three months in federal prison, followed by three years of supervised release once he is released from prison. He has also been ordered to pay $2.6 million in restitution.

March 11, 2022 -  The federal district court in Atlanta's final order is that he will have to forfeit $2.1 million.