Warner Robins Insurance Agent Charged with Bank Fraud over Misuse of $220K in Client Funds

A former insurance agent based in Warner Robins, Georgia, is facing federal bank fraud charges after allegedly convincing a client to withdraw $220,000, which was then used to pay other customers’ insurance premiums. According to court documents filed last week, the agent misrepresented the purpose of the withdrawal, claiming it was to cover the client’s own insurance needs.

The alleged misconduct occurred between March 2020 and September 2023 and involved transactions from Robins Financial Credit Union and Planter First Bank. Federal prosecutors assert that the client was unaware the funds were being diverted for other purposes. If convicted, the agent could face up to 30 years in prison and fines of up to $1 million.

The individual was terminated by Alfa Insurance in September 2023 for unrelated reasons. Following an internal review, Alfa alerted both the Georgia Department of Insurance and federal authorities. The company has stated that it fully cooperated with law enforcement throughout the investigation.

An initial court appearance is scheduled for May 29. The case serves as a reminder of the critical need for vigilant oversight and ethical conduct in managing client funds within the insurance industry.