Former school board candidate indicted for insurance fraud

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Amanda Lee Banks Mug 720

A grand jury indicted Amanda Lee Banks, 50, for insurance fraud Tuesday afternoon.

Banks was arrested May 1 in a case that dates back to August 2016.

In 2016, Banks reported a burglary in the 2700 block of 87th Street. According to the police report, racial slurs were carved into her furniture, cabinets and vehicle.

Banks told police two rings were also stolen, according to the police report. However, police found that Banks pawned rings that were not described in enough detail to know if they were the very same rings.

The detective described the burglary as unusual throughout the report because the burglar spent extensive time vandalizing the home and did not target televisions or other valuable objects, as well as other factors inconsistent with most burglaries.

During the investigation, police found Banks had filed 21 insurance claims since 2008.

β€œSome of the claims were on the same date but appeared to be separate claims,” the police report said.

Banks was also listed as the victim in seven property crime reports, filing insurance claims on six of them.

In March 2017, another insurance claim was filed on the August 2016 burglary.

Police believe they can prove that $7,972.63 of her insurance claims are fraudulent.  They also believe that Banks carved the racial slurs inside her own home to bolster fake insurance claims.

If convicted of the felony charge, Banks faces a maximum sentence of two years.

On May 5, about 28 percent of voters cast their ballots for Banks, who was running for an at-large position on the Lubbock ISD board. Beth Bridges won the election with 44 percent of votes. Art Martin also received approximately 28 percent of votes.

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