Insurance Fraud NEWS
Agent accused of stealing client premiums in Georgia
March 14, 2019, Augusta, GA
An Augusta man was arrested last week by the Georgia Department of Insurance Fraud Unit.
William Quincy Murphy III, 38, was charged with insurance fraud, first degree forgery and theft by conversion as a fiduciary.
According to a department release, Murphy was taking payments for premiums from a customer and converting the funds for his own use instead of applying them as required. Murphy provided the victims a fraudulent document he created to show proof of insurance coverage on the victim's residence, the release states.
Murphy was also wanted on bench warrants for failure to appear on prior insurance fraud charges.
He was among four arrested by Fraud Unit investigators in the past week, with the others in Hall and DeKalb counties.
According to the release, insurance fraud is a felony that can be punishable by two to 10 years in prison or a fine of up to $10,000, or both.
Murphy is being held at the Charles B. Webster Detention Center.
Source: The Augusta Chronicle