North Carolina Insurance Commissioner Mike Causey today announced the arrest of Corey Ross Spence, 47, of 1120 Davenport Place, Winterville. Spence was charged with forgery and obtaining property by false pretense, both felonies.
Spence is accused of obtaining $4,490.07 from Geico by depositing a check with an altered date in a Bank of America ATM in Greenville when an electronic check had previously been deposited to an account with Langley Federal Credit Union on May 3, 2017.
The offense occurred on Aug. 27, 2019.
Special Agents with the Department of Insurance’s Criminal Investigations Division arrested Spence on Jan. 26. He was given an $8,000 secured bond. He is due in court on April 29.
Commissioner Causey estimates fraud costs North Carolinians between 15 and 20 cents on every dollar paid on insurance premiums, maybe more. That’s why he has cracked down on this white-collar crime by boosting the NCDOI Criminal Investigations Division.
Over the past two years, CID Special Agents recovered $7.5 million in criminal activities – money that was returned to consumers and insurance companies. The restitution also helps preserve insurance rates.
To report suspected fraud, contact the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.gov.