Man Convicted In Insurance Fraud Scheme

The second of four men indicted in a multi-million dollar insurance fraud scheme has been convicted.

Court clerks in Lenoir County said 56-year-old Marvin Quinn was convicted on two counts of aiding and abetting the fraud by both obtaining property by false pretenses and by embezzlement. Quinn was also convicted of two counts of conspiracy.

Court officials said Quinn opted for a prayer for judgement, and sentencing in his case was postponed to a date yet to be determined.

According to indictments released in August of 2012, Quinn, along with Ed Steed, Franklin Steed, and Edward Waters all joined forces between 1994 and 2011 to create fake companies, and drafted fake insurance claims which they in turn cashed in with Discovery Insurance in Kinston to the tune of $5.3 million.

Edward Waters, 62, of Kinston already plead guilty to the charges against him.

Court officials were not immediately able to update WITN on the cases for Ed Steed and Franklin Steed, the pair of brothers tied to this case.