Insurance Agent Admits To Embezzlement

An insurance agent will have to serve a year of electronic house arrest and four years of supervised probation after her guilty plea in Lenoir County.

Terri Lynn Spence of Emerald Isle pleaded guilty to five counts of embezzlement by an insurance agent. The 34-year-old woman was also ordered to pay $46,733 in restitution and court fees.

Spence was arrested by Department of Insurance investigators and La Grange police in June 2008 for embezzlement and obtaining property by false pretense.

According to the investigation, there were 43 victims and 16 insurance companies affected by the embezzlement. The state says most of the policies were homeowners insurance and workers compensation.

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