Montgomery County man charged with insurance fraud

North Carolina Insurance Commissioner Mike Causey today announced the arrest of Rickey Levar Bobo, 43, of Mount Gilead. Bobo was charged with insurance fraud and attempting to obtain property by false pretense, both felonies.

Special agents with the Department of Insurance’s Criminal Investigations Division accuse Bobo of providing false photos and documents in an attempt to obtain a payment for damaged property from Travelers Insurance.

The offenses occurred between March 10 and April 14.

Bobo was arrested on June 25. He was given a $6,000 secured bond.

“Insurance fraud hurts consumers,” Commissioner Causey said. “Approximately 20% of your insurance premium goes to cover the cost of fraud. That’s why I’m aggressively pursuing and prosecuting insurance fraud in North Carolina.”

If you suspect insurance fraud or other white-collar crimes, please report it. You may report fraud anonymously by calling the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840. Information is also available at

Source link

About the Author

Angela Brown
Angela Brown is the author of our Business & Economy section.