08/20/14 — Agent will face charges of fraud

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Agent will face charges of fraud

By Staff Reports
Published in News on August 20, 2014 1:46 PM

MOUNT OLIVE -- A Mount Olive insurance agent has been arrested on fraud charges.

Manargo Victor Boykin, 52, of 604 N.C. 55 West, Mount Olive, is charged with one count of obtaining property by false pretense and six counts each of corporate malfeasance, rate evasion and misrepresentation on an insurance application.

Boykin allegedly used driver's license numbers and dates of birth from several of his clients to write auto insurance coverage for other clients so they could obtain better rates and so that he could gain the commissions.

Insurance Commissioner Wayne Goodwin announced on Tuesday that Boykin was arrested on Aug. 15 and placed under a $9,000 bond.

Department of Insurance criminal investigators allege that between 2010 and 2014, Boykin, while acting as a licensed insurance agent, received about $55,000 in commissions from Sentry Insurance Co. as a result of his alleged misconduct.

The investigation is on-going and more charges may be forthcoming.

Boykin's office is located on North Center Street in downtown Mount Olive.

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.com.