<< All News Wednesday, April 10, 2013

Bismarck, ND -- Scott L Biggs, a former Dickinson insurance agent, has been convicted on 5 counts of theft of property.

The charges and conviction stem from an investigation by the Bureau of Criminal Investigation and the North Dakota Securities Department into transactions that involved the transfer of a client’s securities holdings into accounts controlled by Biggs, and the unauthorized withdrawal of account assets to pay Biggs’s personal expenses and to purchase gold coins in his name.

The Securities Department issued a Cease and Desist order against Biggs on July 3, 2012.  Post investigation, a criminal referral was made to the Stark County State’s Attorney and the North Dakota Attorney General.   Criminal prosecution was handled by Assistant Attorney’s General Jon Byers and Paul Emerson .

On June 24, 2013, Biggs was sentenced for five felony counts of theft of property at a hearing held at  Southwest District Court in Dickinson by Judge Zane Anderson.  His sentence for each count was handed down as follows:  On counts 1 & 2, he was sentenced to 10 years with 90 months suspended (30 months to serve) and for counts 3, 4 and 5, he was sentenced to 10 years with 90 months suspended (30 months to serve) to serve concurrently with counts 1 and  2.  Briggs will serve a total 30 months for all counts.  Probation was set at 5 years on each sentence and is to be served consecutively, for a total of 10 years probation upon his release.  Briggs was ordered to pay $46,552.40 in restitution and return the three gold coins, valued at $5,805 to his victims.


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