A Parkersburg insurance agent who is being tried for insurance fraud in West Virginia also preyed on at least one Ohio victim, according to authorities.
Lloyd B. Carr, 53, had his Ohio nonresident insurance licensure revoked in December by the Ohio Department of Insurance (ODI), according to Robert Denhard, spokesman for ODI.
The revocation was the result of an investigation that found Carr had taken $30,000 from a Lowell resident and provided her with three fake annuity contracts, said Denhard.
"His business address is West Virginia, but he was licensed to do business in Ohio as well. One person in Ohio came forward (with accusations)," he said.
According to the revocation order issued by ODI, that victim was a Lowell woman who had written a check to Aviva in March 2009 for the purpose of securing coverage for an annuity.
Carr had opened a business account with United Bank under the name of Aviva Advisory Group so he could deposit checks payable to the insurance company into his personal account, according to the revocation order.
At a glance
Parkersburg insurance agent was defrauding clients, including at least one Ohioan, out of money, according to investigators.
Lloyd B. Carr, 53, of Parkersburg had his nonresident insurance license revoked in Ohio in December and his resident insurance license revoked in West Virginia in January.
Carr is being tried by a federal court in West Virginia for 35 counts of fraud including, mail fraud, wire fraud, money laundering and insurance fraud.
Carr's case is set to be tried in May.
The Ohio victim's case has been made whole, said Denhard, but he would not comment on whether she had received her money back or if she had received the annuity policies for which she paid.
A call to the victim was not returned Tuesday.
A number for Carr couldn't be located.
Carr was indicted by a federal grand jury in the Southern District of West Virginia in October on 35 counts, including charges of mail fraud, wire fraud, money laundering and insurance fraud, said Booth Goodwin, U.S. Attorney for the Southern District of West Virginia, in a press release.
According to the indictment, Carr collected money from individuals under the pretense that he was securing them insurance or annuity policies under the names "Allianz Insurance and Financial Group," "Aviva Insurance and Financial Group," and "American Life Insurance".
Instead of securing those policies by sending the money to legitimate insurance agencies, Carr would deposit the money into the business banking account he created and use the funds to purchase expensive clothing and vehicles, it said.
That federal trial is set for May, said Melvin Smith, spokesman of the U.S. Attorney for the Southern District of West Virginia.
However, Smith would not comment on how many victims are involved in the criminal case, or if any of them are Ohio residents.
The original indictment lists victims only by their initials.
If convicted, Carr faces up to 20 years in prison for mail fraud and wire fraud, up to 10 years in prison for money laundering, up to five years in prison for insurance fraud, and a fine of up to $250,000 on each count, said Booth.
Carr's Resident Insurance Producer License was revoked in West Virginia on Jan. 15, said Jason Butcher, public information officer for the West Virginia offices of the Insurance Commissioner.
While ODI is only aware of one Ohio victim, it is possible there are more who have not yet reported the fraud, said Denhard.
"When something like this is made know, sometimes other people come forward," he said.
Ohioans are encouraged to contact ODI at 1-800-686-1526 before buying insurance to ensure an agent is properly licensed, said Ohio Lt. Gov. Mary Taylor.