Fmr. Buncombe Co. manager indicted for $2.3m life insurance scheme, US Atty. says

Wanda Greene former Buncombe County Manager 1

ASHEVILLE, NC (WSPA) – The former county manager for Buncombe County has been indicted on 23 charges related to what the US Attorney’s Office says was a fraudulent life insurance policy scheme.

66-year-old Wanda Skillington Greene was indicted on 12 counts of wire fraud, eight counts of federal program fraud, and three counts of money laundering.

The US Attorney’s Office says Greene was involved in a $2.3 million scheme to purchase whole life insurance policies for herself and other county employees using misappropriated county funds.

Greene was County Manager for Buncombe County from 1997 until she retired in June 2017.

According to the indictment, from April 2015 until July 2017, Greene used county funds to purchase whole life insurance policies for herself, her son Michael, and eight other county employees. She also purchased an annuity for another county employee who did not qualify for a whole life insurance policy, the indictment states.

During that time, Buncombe County received over $10,000 per year under a federal program involving grants, subsidies, and other forms of federal assistance.

The indictment states Greene lied to an insurance agent, saying she was working with the Board of Commissioners on a new benefit program for county employees involving buying life insurance at no cost to the employee.

After her retirement, Greene cashed out two of the policies, personally getting around $396,000 of fraudulently acquired money, according to the indictment.

The indictment also alleges that Greene inflated settlement amounts for two federal civil rights lawsuits against the city to pay for the scheme.

After retiring, the indictment says Greene wired money from the scheme to a law firm in Nashville. 

Greene and her son Michael Greene were also indicted in a separate case involving misuse of government credit cads amounting to around $200,000 worth of improper purchases, according to the US Attorney.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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