![]() ![]() He said he was swayed by Beck’s past life, but said the former insurance regulator still needed to serve a long sentence for treating this former employer ``as his personal piggy bank.’’Ĭohen on Tuesday belittled Beck’s testimony at trial, in which Beck claimed he had paid a computer programmer named Jerry Jordan for services to the association, but could produce almost no evidence Jordan even existed. “Today I see and live with a broken and repentant man,’’ said Lucy Beck, his wife.Ĭohen gave Beck a shorter prison term than called for by federal sentencing guidelines, which called for Beck to serve eight to 10 years in prison. ``I do know that I have actively damaged precious relationships and I pray for restoration.’’Īlso testifying on Beck’s behalf Tuesday were his sister and brother-in-law, former pastor, and wife. ![]() “I hope that I have made life better more than I’ve hurt people,’’ Beck said. “I’m completely and totally responsible, and again, I accept the jury’s verdict,’’ Beck told Cohen Tuesday before the judge sentenced him.Ĭohen received 85 letters encouraging him to show mercy to Beck, attesting to his good works, Christian faith and love for his family. The investigation was capped by an eight-day trial that ended with jurors convicting Beck after less than two hours of deliberation. Beck managed the state-chartered private insurer of last resort for years before the Republican was elected insurance commissioner.įederal officials began investigating Beck as he was elected statewide in 2018 as Georgia’s chief insurance regulator, indicting him weeks after the Republican took office in 2019. The charges stemmed from Beck’s scheme to channel more than $2.5 million from the Georgia Underwriting Association through a series of companies to his own bank accounts. Jurors convicted Beck in July on 37 counts of wire fraud, mail fraud, money laundering and tax fraud. Beck, 60, remains free on bail and is likely to report to prison in December. District Judge Mark Cohen sentenced Jim Beck to seven years, three months in federal prison, less than the 10 years federal prosecutors had originally aimed for, but more than the five years Beck’s lawyers argued was enough.Ĭohen also ordered Beck to pay $2.6 million in restitution and to serve three years of supervised release after he gets out of prison. ![]() ATLANTA – Georgia’s former insurance commissioner will spend more than seven years in prison, as he finally accepted responsibility Tuesday for a $2.5 million fraud even as a federal judge lambasted him for lying from the stand during his July trial. ![]()
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