A former claims handler at AIG has been jailed after he abused his position to steal £390,478 from his employer by diverting customer payments into his own account.
On Monday 5 August 2019, James Beaver, 40, of Buckhurst Way, Redbridge, was sentenced at Central Criminal Court to two years in prison.
A month earlier on 8 July, he pleaded guilty at City of London Magistrates’ Court to one count of fraud by abuse of position, one count of fraud by false representation and one count of money laundering.
Beaver admitted in interview all the money he had taken from AIG was used to fund a drug habit he developed after the tragic death of his young son.
The City of London Police’s Insurance Fraud Enforcement Department (IFED) said it led the criminal investigation into his fraudulent activity after receiving a referral from AIG.
Source - https://www.insuranceage.co.uk/insurer/4132531/former-aig-claims-handler-jailed-for-ps390000-fraud