Georgia’s insurance commissioner says he will voluntarily suspend himself from office two days after being indicted on federal charges of wire fraud, mail fraud and money laundering.

A 38-count indictment accuses Jim Beck of orchestrating an elaborate invoicing scheme to steal more than $2 million from his former employer before being elected in November.

The Atlanta Journal-Constitution reports that Beck says he sent a letter to fellow Republican Gov. Brian Kemp on Thursday voluntarily suspending himself. Kemp had called for Beck to resign.

Under his self-imposed suspension, Beck will continue to receive his $120,000 salary.

Beck has maintained his innocence and pleaded not guilty Wednesday.

At the same hearing a judge imposed a $25,000 bond and banned Beck from conducting business with his former employer, the Georgia Underwriters Association.

U.S. Attorney Byung J. "BJay" Pak, followed by Chris Hacker, Special Agent in Charge of FBI Atlanta, and Thomas J. Holloman, Special Agent in Charge at IRS Criminal Investigation, enter the conference room. Pak announced that Georgia Insurance Commissioner Jim C. Beck has been indicted by a federal grand jury on charges of wire fraud, mail fraud and money laundering. The 38-count indictment alleges that Beck stole more than $2,000,000 from his former employer, the Georgia Underwriting Association, during the five years just prior to Beck's election to statewide office in November, 2018. (Bob Andres/Associated Press)

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