Mount Olive insurance agent facing fraud charges
Posted August 19, 2014
Updated August 20, 2014
Mount Olive, N.C. — A Mount Olive insurance agent is accused of using his clients’ personal information to get bigger commissions, authorities said Tuesday.
The North Carolina Department of Insurance said Manargo Victor Boykin, 52, of the 600 block of N.C. Highway West, used driver’s license numbers and dates of birth from several clients to write auto insurance coverage for other clients so they could obtain better rates.
Boykin, who was an independent agent who sold policies for Sentry Insurance Company, received about $55,000 in commission from the fraudulent applications between 2010 and 2014, authorities said.
Boykin was arrested Aug. 15 and charged with obtaining property by false pretense, six counts of corporate misconduct, rate evasion and misrepresentation on an insurance application. He was held under a $9,000 bond.