CHATTANOOGA, Tenn. — The Tennessee Bureau of Investigation says an insurance agent from Tracy City has been indicted on fraud charges after stealing insurance money from his customers.
This week, the Grundy County Grand Jury returned indictments charging Troy Shrum with two counts of theft of property and two counts of insurance fraud.
Shrum turned himself in on Friday and was booked into the Grundy County Jail.
In August of 2015, the 12th District Attorney General Michael Taylor asked TBI agents to investigate allegations of insurance fraud involving a Grundy County insurance agent.
Agents discovered that between December 2010 and November 2015, Shrum took insurance premium money from customers but never sent it to insurance providers. Customer's insurance polices were canceled because of lack of payment.
He was released after posting a $7,500 bond.