ROBERT JABLON
Associated Press

LOS ANGELES (AP) - A Southern California insurance broker has pleaded not guilty to federal charges that he defrauded Tom Hanks and musician Andy Summers, a former member of The Police.

The U.S. attorney's office says Jerry B. Goldman was arrested Wednesday at his Thousand Oaks home and released from federal custody on a $25,000 bond posted by his wife.

A federal grand jury in Los Angeles indicted him Oct. 30 on fraud charges. Prosecutors claim he overcharged Hanks, Summers and two others some $800,000 on insurance premiums. Authorities contend he inflated some premiums by as much as 600 percent.

Details haven't been released, but the indictment refers to insurance policies covering everything from worker's compensation to fine art.

Calls seeking comment from the celebrities' representatives weren't immediately returned.

A trial date has been set for Dec. 18.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press