Nov. 8, 2012 at 10:39 AM ET
Who could take advantage of Tom Hanks? Well, a Los Angeles-area insurance agent maintains that he didn't, pleading not guilty to federal charges that he bilked four clients, including Hanks and The Police's Andy Summers, out of more than $800,000.
Jerry B. Goldman was released on a $25,000 bond hours after being arraigned on 10 charges of mail fraud, each of which carries a maximum penalty of 20 years in prison. He was arrested at his Thousand Oaks, Calif., home Wednesday.
According to the Los Angeles Times, a grand jury indictment handed down Oct. 30 alleges that Goldman overbilled his clients by as much as 600 percent between 1998 and August 2011 by creating bogus invoices on his company letterhead that overstated the premiums due.
The indictment didn't break down how much he's accused of getting from each client.
Reps for Hanks and Summers haven't commented on Goldman's arrest. A trial date has been set for Dec. 18.