ATLANTA — Newly elected Georgia Insurance Commissioner Jim C. Beck has been indicted by a federal grand jury on charges of wire fraud, mail fraud and money laundering. The 38-count indictment alleges that Beck stole more than $2,000,000 from his former employer, the Georgia Underwriting Association (GUA), during the five years just prior to Beck’s election last November.

Beck surrendered to authorities Wednesday morning, and is expected to be arraigned later in the day.

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