Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
ATLANTA (AP) — Georgia's insurance commissioner says he will voluntarily suspend himself from office two days after being indicted on federal charges of wire fraud, mail fraud and money laundering.
A 38-count indictment accuses Jim Beck of orchestrating an elaborate invoicing scheme to steal more than $2 million from his former employer before being elected in November.
The Atlanta Journal-Constitution reports that Beck says he sent a letter to fellow Republican Gov. Brian Kemp on Thursday voluntarily suspending himself. Kemp had called for Beck to resign.
Under his self-imposed suspension, Beck will continue to receive his $120,000 salary.
Beck has maintained his innocence and pleaded not guilty Wednesday.
At the same hearing a judge imposed a $25,000 bond and banned Beck from conducting business with his former employer, the Georgia Underwriters Association.
Information from: The Atlanta Journal-Constitution, http://www.ajc.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.