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Insurance Agent Arrested for Allegedly Scamming Tom Hanks

ABC/CRAIG SJODIN(LOS ANGELES) -- A California insurance agent who allegedly ripped off Tom Hanks and three other people was arrested Wednesday, according to The Los Angeles Times.

Jerry B. Goldman, 59, recently was indicted by a federal grand jury for mail fraud.  E! Online reports he pleaded not guilty on Wednesday and was released on $25,000 bond.

He is accused of overbilling the alleged victims for insurance premiums for policies related to property, among other things.

The indictment claims Goldman scammed his clients out of more than $800,000 from 1998 through August of 2011, and that some of them were overbilled by as much as 600 percent.

Musician Andy Summers, a guitarist for The Police, was also among the alleged victims.

Goldman has been charged with 10 counts of mail fraud.  He faces up to 20 years in prison for each count.

Copyright 2012 ABC News Radio

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