A Chapmanville Insurance Agent charged with Fraud
- Jun 22
- 1 min read
WVOW News
CHAPMANVILLE A Chapmanville Insurance man has been charged with crimes resulting from insurance fraud, according to investigators.
An investigation by the West Virginia Office of Insurance Commission, accuses 53-year-old Wayne Runyon several felony charges including Computer Fraud, Fraudulent Insurance Acts, Fraudulent Schemes and Obtaining Money by False Pretenses.
A criminal complaint filed in Logan County Magistrate court alleges problems started back in January 2023. An insurance client of Runyon’s alleges two checks totaling $20,000 were issued to Runyon for insurance annuities for the client’s son.
According to the complaint, the insurance policies purchased were never actualized and no attempt to pay back the money.
While the criminal issue is developing in West Virginia, several lawsuit have been filed out-of-stat. Runyon has been at the center of several civil actions that have been brought against his agency, Runyon Insurance, and Runyon personally. Four merchant cash advance plaintiffs allege breaches of receivables purchase agreements.
Coolidge Capital, Flexibility Capital, Mini Advance and M&M Advance all have pending litigation in New York. The companies allege breached contracts and demand a total of more that $300 thousand.
PHOTO | File
Thanks for reporting on this case. Allegations of fraud are always concerning, and it's important that investigations are handled fairly and transparently so the facts can come to light. On a lighter note, after catching up on the news, I usually relax with a few rounds of Crazy Cattle 3D—it's a fun way to clear my mind.