In North Carolina, 81 individuals across fourteen counties were returned approximately $11 million, thanks to the tenacious work of the North Carolina Department of Insurance's Criminal Investigation Division (CID).
According to an announcement on March 29 by NC Insurance Commissioner Mike Causey, two retired insurance agents, Milton Hooks, 72, of Rocky Mount and James Mangum, 69, of Tarboro were convicted of six counts each of obtaining property by false pretense.
|Extensive investigation over 7 years
CID conducted an extensive investigation over the course of seven years that stretched across 14 N.C. counties. According to the CID, Hooks and Mangum targeted senior citizens in a regional scam that involved the reallocation of money people had in savings and insurance policies.
"Preying on our senior citizens is wrong," said Causey. "I am pleased NCDOI criminal investigators were able to recover nearly $11 million in this important case that hopefully will help deter white collar crime like this in North Carolina."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at rdonlon@alm.com.
