LOS ANGELES—A Southern California insurance broker is facing 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 on Wednesday at his Thousand Oaks home and remains in federal custody.

A federal grand jury in Los Angeles indicted him on Oct. 30 for fraud. Prosecutors claim he overcharged Hanks, Summers and two other people 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.

Messages seeking comment from representatives for Hanks and Summers and for Goldman's public defender, Yasmin Cader, weren't immediately returned.