A Chapmanville Insurance Agent charged with Fraud

According to investigators, Wayne Runyon has been charged with Computer Fraud, Fraudulent Insurance Acts, Fraudulent Schemes, and Obtaining Money by False Pretenses. Additional details regarding the allegations have not yet been released.

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