July 1, 2026
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2:30:28Now PlayingIDAHO FALLS -- A local mayor who's been accused of insurance fraud has been bound over to District Court after a judge found there was sufficient evidence that he had allegedly lied to insurance agents about the price of his boat.
David Dwyane Price, 62, was sworn in as Mayor of Spencer on Jan. 26, and on Feb. 13, charges were filled against him for one felony count of insurance fraud.
According to court documents, Price began filing a claim with his insurance company, the Farmers Bureau, for damages to his 2006 Northwest Jet Boat on April 29, 2024. A repair estimate from Precision Inc. to Farm Bureau totaled $149,793.20, and the insurance company determined the boat was a total loss.
Farm Bureau offered Price a settlement option with an all-cash value of $110,000, and would keep the boat.
A handwritten bill of sale was sent to a Farm Bureau agent stating that Price bought the boat for $215,000 on Jan. 12, 2022.
To read the full story, visit EastIdahoNews.com.
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