James Travis Williams,a former local insurance agent has been sentenced in Franklin County Superior Court for insurance fraud. 35 year old young man pleaded guilty on Feb. 12 to Violation of Racketeer Influenced and Corrupt Organizations Act and received 20 years probation and a $20,000 fine.
Williams collected premium payments on a variety of insurance products and never forwarded those premiums to the appropriate insurance companies for coverage. His victims included Madison County residents. Williams created Tri County Insurers in Royston in 2012 and began defrauding clients shortly after. His mismanagement of his business resulted in numerous cancellations by insurance companies for his insured clients, according to the March 2014 indictment against him.“Beginning as early as October 2012, the Defendant began intercepting refund payments made by insurance companies to his insured clients and depositing them into his accounts, rather than forwarding them to clients, in order to conceal the cancellation of the policies,” the indictment stated. “The Defendant also received payment from insured clients for policy premiums via check that he deposited into his personal checking account.”
The indictment showed that Williams used the stolen money for personal purchases, including from Target, J.Crew, Belles Cooking, OKCupid.com, Shais Berries, Adam’s Flowers, Goin’ Coastal Seafood and Country Mega Tickets. He also paid for hotels and made credit card payments with the money.
The indictment stated that this pattern continued over several months.
“The Defendant would continue to deflect when questioned by insured clients about non-receipt of insurance premiums by claiming that the checks were in the mail, or that it was an error on the part of the insurance company,” the indictment stated.