A former insurance agent in Jackson County, Mississippi’s St. Martin community has pleaded guilty after pocketing more than $33,000 in customers’ money.
The Sun-Herald reports that 38-year-old Chad Michael Davis of Ocean Springs has pleaded guilty to 13 counts of felony false pretense.
According to court records, Davis accepted money from 13 customers to cover the costs of their insurance payments. But, he pocketed the money instead of using it to pay for the policies.
The crimes occurred between June 2010 and October 2012.
Davis’s lawyer, Calvin Taylor, said Davis was going through a family crisis at the time he committed the crimes.
“He has surrendered his (insurance) license,” Taylor said. “He is looking forward to resolving this.”
Taylor said Davis helped investigators identify all the victims in the case.
“Chad met with the Jackson County Sheriff’s Department several times, even identifying several victims who were unknown at the time” of the investigations, Taylor said. “He was very forthcoming. And he is looking forward to resolving this.”
The investigation began after authorities received complaints from customers who said insurance companies had not received their insurance payments.
Felony false pretense is punishable by up to 10 years in prison.
The state has recommended Davis serve his sentence under house arrest.
Topics Fraud Agencies Mississippi
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