Insurance Agent Arrested on Wire Fraud Charges
Today, Attorney General Jim Hood announced the arrest of a Byram woman charged with two counts of wire fraud.
Kasandra Michelle Floyd, 36, turned herself in to the Rankin County Sheriff’s Department Wednesday. She is a licensed Mississippi insurance agent accused of producing fake copies of Safeway Insurance Company insurance cards and transmitting them by wire across county lines in order for others to use the cards in court as proof of insurance. Floyd’s bond was set at $15,000.
If convicted of both counts, Floyd faces up to 10 years in prison and $20,000 in fines. A charge is merely an accusation, and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
This case was investigated by Investigator Jerry Spell with the Attorney General’s Insurance Integrity Enforcement Bureau with assistance from the Richland Police Department and Rankin County Sheriff’s Department. Special Assistant Attorney General Jim Giddy will prosecute the case.