• Indicted Georgia insurance commissioner suspends himself

    Updated:
    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.

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    Information from: The Atlanta Journal-Constitution, http://www.ajc.com

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