Albany AFLAC agent charged with forgery and insurance fraud - WALB.com, Albany News, Weather, Sports

Albany AFLAC agent charged with forgery and insurance fraud

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ALBANY, GA (WALB) -

An Albany insurance agent is charged with forging people names on bogus insurance policies and pocketing the cash.

Len Vince Cutliff, an AFLAC agent here in Albany is charged with forgery and insurance fraud.

Cutliff is charged with a total of six counts in a case in which AFLAC insurance is the victim.

He's not yet been arrested.

But if he's convicted, he could go to prison for a long time.

Over the years, State Farm insurance Agent Jay Kimbro has built trustworthy relationships with numerous policy holders.

"They try to have measures of accountability in place to make sure state farm agents are providing product based on an individual's policy holders wants or needs," said Jay Kimbro, Agent with State Farm.

Making sure the right people are getting the right products for the right purpose which helps to cut back the risk of fraudulent activity.

"The way it works with most carriers is you have a compliance department and they are constantly reviewing through  use of underwriters applications and making sure they are legitimate applications," said Kimbro.

But one Albany insurance agent is accused of trying to get around those safeguards. This week a grand jury indicted Lenvince Cutliff on several counts of insurance fraud and forgery. He's accused of signing names on policies to get the cash.

"They are real people but they had nothing to do with the insurance policies and applications that were submitted," said Kimbro.

Cutliff is accused of forging three names onto policies since 2008.

"He probably was paid a commission for insurance policies that were without foundation both in terms of premiums and the person taking part in the process," said Kimbro.

Over the years, District Attorney Greg Edwards says he's seen an increase in white collar crimes.

"Many instances where a crime affects a business those costs are passed on to the consumer," said District Attorney Greg Edwards.

But due to the strict regulations most of these individuals who try to take advantage of people or companies eventually get caught.

"There is a very likely chance, that you will find out that the old saying crime does not pay to be true," said Edwards.

Lenvince could face up to 45 years in prison, if he is found guilty.

According to the FBI, the total cost of insurance fraud costs around $40 billion dollars per year which in turn costs the average family up to $700 a year in increased premiums.

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