Insurance Commissioner Mike Causey today announced the arrest of David Maylon Pickett, 59, of 705 Queen St., Grifton; he is charged with one count each of embezzlement and exploitation of an elder.
Department of Insurance criminal investigators accuse Pickett of deceiving an elder adult to obtain funds, assets and property in the amount of $2,957.00 on March 24, 2017. Investigators allege Pickett knowingly embezzled, misapplied and converted Yvonne S. Parnell’s property for his own use.
Pickett was arrested on May 25 in Wayne County and placed under a $100,000 bond.
Pickett has 33 pending charges for similar elder exploitation from 2015. Any persons with information or allegations involving Pickett, please refer to NCDOI Criminal Investigators or local law enforcement.
“According to the FBI, insurance fraud costs the average family between $400 and $700 per year in the form of increased premiums,” said Commissioner Causey. “Consumer protection is my number one priority and I will continue to fight insurance fraud with your help.”
The Department of Insurance employs 20 sworn state law enforcement officers dedicated to investigating and prosecuting claims of insurance and bail bonding fraud. 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.gov/fraud-control.