Wilmington finance company manager accused of insurance fraud
RALEIGH, NC (NEWS RELEASE) — Insurance Commissioner Wayne Goodwin today announced the arrest of Gregory Steven Gurney, 49, of 5418 ½ Park Ave., Wilmington. He is charged with six counts each of insurance fraud, obtaining property by false pretense and corporate malfeasance. He is charged with three counts of altering or forging certificates of title or applications, and one count each of possession of a stolen motor vehicle and transferring a stolen motor vehicle.
These charges, filed on Jan. 17, are the result of an ongoing two-year investigation by the Department of Insurance, the NC Department of Motor Vehicles License and Theft Bureau, the NC Banking Commission, the Brunswick County Sheriff’s Office and the Wilmington Police Department.
Investigators allege that Gurney, while working as branch manager of Time Financing Service in Wilmington, was involved with filing false or exaggerated claims on repossessed vehicles, vehicle title irregularities and the possession of a stolen vehicle.
Gurney was placed under a $5,000 unsecured bond and released. His first appearance in New Hanover County District Court was scheduled for 2 p.m. on Jan. 18.
Investigators are seeking Landon “Rocky” Mabe, the assistant manager of Time Financing Service, who is wanted on one count each of alleged insurance fraud, obtaining property by false pretense and corporate malfeasance.
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 2008, criminal investigators have received more than 13,500 complaints, resulting in 575 arrests, 320 criminal convictions, and more than 109 cases currently pending a court appearance. These arrests have resulted in more than $47.9 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.
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