The U.S. Attorney's Office in Paducah says 43-year-old Grant King was charged Monday in U.S. District Court with aggravated identity theft and wire fraud. The charges stem from accusations that King defrauded several of his clients in insurance settlements totaling at least $550,000 from at least March of 2007 through May of this year.
Authorities say King settled clients' cases with insurance companies without their consent, and pocketed most or all of the settlement amounts. King is also charged with taking out a $97,500 personal loan and transferring the title of a boat as collateral. He then reportedly got a duplicate title on the boat and sold it without repaying the loan.
King could get up to 42 years in prison, and pay a fine of $750,000 if convicted. He was arrested April 27 on theft charges in McCracken County. Since then, more than 30 people have come forward claiming to be victims of his alleged crimes.
On the Net:
Related Story
