Asheboro insurance agent suspected of fraud

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

RANDOLPH COUNTY, N.C.– A local insurance agent was arrested and charged on Monday, following an investigation that alleges he fraudulently obtained more than $9,000 in advanced commissions.

According to the NC Department of Insurance, Keith Donald Wilhoit, 54, of 3099 Trotter Road, Asheboro, was charged with one-count of obtaining property by false pretense on Monday.

Investigators allege that between October 2009 and May 2010, Wilhoit, while working as an insurance agent, fraudulently obtained $9,548.90 in advanced commission from Aflac Insurance Company by writing and submitting 61 fictitious insurance policies using the names of 37 individuals.

Wilhoit was placed under a $10,000 secured bond. He is scheduled to appear in court on July 17.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.