SAINT JOHNSVILLE, N.Y. - The owner of W. Davis Insurance in St. Johnsville was arrested and charged with falsifying business records and insurance fraud after a joint investigation into his practice.
The investigation, conducted by the New York State Police Bureau of Criminal Investigation in Fonda, the State Police Financial Crimes Unit and the New York State Insurance Fund culminated in the recent arrest of Walter Davis, 57.
The charges stem from a month long investigation into allegations that Davis issued fraudulent certificates of liability insurance to customers and accepted premium payments for those certificates, then retaining the payments for himself.
The investigation also revealed that Davis attempted to cover the fraudulent certificates by altering business records of the transactions.
Davis was processed without incident and released on an appearance ticket returnable to the Village of Saint Johnsville Court.