A North Carolina insurance agent is out on bond, awaiting court action, after he was charged with diverting premium payments from four automobile dealerships.
Jeffrey Martin Webster, of Jamestown, North Carolina, was charged with 18 counts, including forgery and embezzlement by an insurance producer, after investigators with the state Department of Insurance examined evidence from 2024 and 2025, the DOI said in a bulletin.
“The defendant did as an insurance agent accept premium payment from R&M Automotive Ventures LLC and agree in exchange to bind insurance coverage for R&M Automotive Ventures LLC and instead, did not bind coverage and did keep R&M Automotive Ventures, LLC’s money and embezzle or convert the money to his own use,” reads one arrest warrant, filed in Randolph County District Court by a DOI investigator…