United States Attorney Announces Indictment Of Evansville Insurance Agent For Wire Fraud Scheme
EVANSVILLE – Joseph H. Hogsett, the United States Attorney, announced today that Danny Lee Beavin, age 39, of Evansville, has been indicted by a federal grand jury sitting in Evansville. Beavin faces six counts of wire fraud and one count of conspiracy to commit wire fraud, following an investigation by the Evansville Police Department and United States Secret Service.
“This indictment alleges a scheme that was fueled by greed and a culture of corruption,” Hogsett said. “The U.S. Attorney’s Office remains unwavering in our commitment to investigate and prosecute anyone who attempts to enrich themselves at the expense of hard-working Hoosiers and our business community.”
The indictment alleges that between April 1, 2011 and December 31, 2011, Beavin was an insurance agent authorized to sell insurance annuity policies. Beavin allegedly devised a scheme in order to defraud an insurance company and receive commissions he was not entitled to receive. The scheme involved Beavin and others submitting fraudulent insurance applications that contained false birth dates. Investigators allege that these fraudulent policies were submitted on at least six different occasions.
According to Assistant U.S. Attorney Todd S. Shellenbarger, who is prosecuting the case for the government, Beavin faces a maximum of twenty years in prison and a $250,000 fine for each of the six counts of wire fraud. The conspiracy count has a maximum penalty of five years in prison.
An Indictment is only a charge and is not evidence of guilt. A defendant is presumed innocent and is entitled to a fair trial at which the government must prove guilt beyond a reasonable doubt.