SEE ALSO: 'I’ve always trusted Jim': Cousin of Georgia’s Beck talks to FOX 5 after testimony So I would suggest to you, if there is no harm, there is no crime." "The government’s theory of the case is predicated on there being a harm," Beck said. Those steps, Beck testified, help transform the state-chartered insurer from a chronic money-loser to a profitable entity. Beck said Jordan had provided the computer brainpower to gather data that GUA used to charge customers more and cut the costs the property insurer of last resort paid others to share in its risks. The suspended insurance commissioner had no comment about Jordan’s identity other than to tell the FOX 5 I-Team, "Y’all have a nice day," as he entered the federal courthouse for his second day of testimony.ĭuring that testimony, Jerry Jordan’s name kept popping up. But earlier in the trial, Houser testified he knew nothing about any of Beck's companies. Two former GUA board chairmen testified they had no idea Beck hired family and friends to do work or just submit bills to GUA then turned around and took a large cut of the money – much of it in cash.īeck told the jury that he got the go-ahead from the then-board chairman of GUA, John Houser, to create a company to do home inspection research for GUA. The state created insurance company is called GUA. Prosecutors contend Beck secretly stole millions from a company he ran before he was elected. Prosecution rests in federal trial of Jim BeckĪfter five days of testimony from some 20 witnesses the prosecution has rested in its fraud and money laundering case against suspended Insurance Commissioner Jim Beck. SEE ALSO: Prosecutors rest in federal fraud trial of Georgia's Beck He said, later, he personally, manually entered the data Jordan collected into GUA computers for about three years. He said he initially paid Jordan $40,000 in cash. He told the jury that he thought Beck's company Creative Consulting did the actual inspections, he only did paperwork.īeck testified on Tuesday a separate company he controlled did legitimate extra work for GUA and told the jury he paid a computer programmer he had met at a restaurant named Jerry Jordan large quantities of cash to write software programs to skim home inspection data from public databases. Barfield testified last week that, at Beck's direction, he set up his set up a company to bill GUA for home inspections. Jim Beck took the stand on Tuesday in what is expected to be the first of two days of testimony from the suspended insurance commissioner.īeck told the court that he couldn’t find Jordan, a man who he called a key witness and could explain the large sums of cash exchanged hands between Beck and his cousin, Matthew Barfield.
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