RALEIGH, N.C., April 27 -- The North Carolina Department of Insurance issued the following news release:
Insurance Commissioner Wayne Goodwin today announced the arrest of Julius Broady, 52, of 3972 NC Highway 46, Gaston; he is charged with one count each of obtaining property by false pretense and insurance fraud.
Department of Insurance criminal investigators allege that on Oct. 20, 2011, while working as the shop manager for a Roanoke Rapids car dealership, Broady submitted a fraudulent supplemental estimate to North Carolina Farm Bureau Insurance Company for repairs to a vehicle damaged in an auto accident.
Investigators allege that a portion of the supplemental estimate was for fire damage caused by a technician working on the vehicle at the repair shop, rather than for damage caused in the accident. As a result of the fraudulently inflated supplemental estimate, Farm Bureau declared the car a total loss and paid approximately $31,000 to settle the claim.
Broady was arrested on April 27 with the assistance of the Halifax County Sheriff's Office and placed under a $20,000 unsecured bond. His next scheduled court date is May 30.
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 2009, criminal investigators have received more than 14,000 complaints, resulting in 602 arrests, 333 criminal convictions and more than 110 pending court cases. These efforts have delivered more than $48.5 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.
TNS hc11-120428-JF78-3855697 StaffFurigay