The Fraud Report

WI Man Indicted for Arson, Mail Fraud and Murder-for-Hire

Trace America — Wed, 22 Feb 2012 19:28:43 +0000

A Wisconsin man was indicted recently on 4 counts for allegedly conspiring with two others to burn down his business to obtain the insurance proceeds. To top it off, he had allegedly agreed to pay one of his co-conspirators not with cash, but by killing his wife. Sounds like a bad deal for his wife, [...]

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FL Gov. Rick Scott Stages Crashes for On-lookers

Trace America — Tue, 21 Feb 2012 19:22:34 +0000

Florida Governor Rick Scott has always been an advocate for penalizing the people who stage car crashes for insurance fraud purposes. Recently however, he was staging crashes of his own; but only to show people the need for reform and what to look for. According to Bay News 9, Scott is hoping that proposed changes [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

“Operation Bandidos” Nets 4 in Auto Insurance Scheme

Trace America — Mon, 20 Feb 2012 19:51:49 +0000

Four Miami-Dade County residents got in a lot of trouble lately when, on February 16th, they were arrested by the Hialeah Police and accused of fraudulently obtaining money from auto insurance companies after failing to do the proper repair work on vehicles. According to NBC News, “Operation Bandidos” ended with the arrests of Edwin Rodriguez, [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

3 Insurance Agents Charged with $100 Million Fraud

Trace America — Fri, 17 Feb 2012 14:14:13 +0000

Three insurance agents based in New York and Florida are in deep financial and legal trouble. They were charged with using straw buyers to obtain over $100 million in life insurance policies that they resold to third-party investors. According to onlinequoteinsurance.org and Preet Bharara, the U.S. attorney in Manhattan, Michael Binday, 48, and James Kevin [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

Cell Phone Store Owner Charged with $700,000 Fraud

Trace America — Thu, 16 Feb 2012 19:58:31 +0000

A California man who owns a cellular telephone store has been sentenced forr his involvement in over 2,000 fraudulent insurance claims, which ended up costing insurance companies over $700,000. According to IFAwebnews.com, Andy Jungsik Kim, 37, pled guilty and received three years and four months in prison for his role. He will also be required to [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

Hillsborough County Staged Accidents Decrease Significantly

Trace America — Wed, 15 Feb 2012 20:00:47 +0000

Many Florida residents in Hillsborough County may be able to celebrate when they get their next auto insurance bill due to the fact that the crackdown on Personal Injury Protection (PIP) fraud has seemed to yield dramatic results for the better. Ok, it probably won’t have a noticeable affect on insurance premiums, at least not [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

Demolition Derby Chop Shop Raided for Insurance Fraud

Trace America — Wed, 15 Feb 2012 19:53:23 +0000

Georgia state investigators say a DeKalb County repair garage is at the center of a fraud investigation. It was raided by agents from the Insurance Commissioner’s Office who were armed with a search warrant, guns, and suspicions of an insurance fraud ring. According to WSB-TV, when the shop’s owner, Miguel Hurtado, was asked if he [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

Woman Fakes Cancer Claims: Gets Probation and $94K Fine

Trace America — Mon, 13 Feb 2012 19:24:44 +0000

According to TheBlaze, a Pennsylvania woman has been sentenced to nine years of probation and ordered to repay almost $100,000 in insurance money that she obtained through payments of false cancer treatments for her and her husband. What a horrible thing to falsify. Back in August, Deborah Brown, 52, pled guilty to submitting fraudulent documents [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

For one CA Man: Go-kart Racing Equals Fraud

Trace America — Mon, 13 Feb 2012 19:16:09 +0000

Who would ever think that Go-Kart racing could get you into huge trouble with the law? Obviously not Tony Roey Stevenson, who has been convicted of insurance and worker’s compensation fraud after a day at a local fun park. According to the Redding Record Searchlight and the Shasta County District Attorney’s office, after a three [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!

NY Gains 18 Arrests for Workers’ Comp Fraud

Trace America — Thu, 09 Feb 2012 19:23:49 +0000

One New York man is among the 18 who were arrested in a state-wide crackdown on workers’ comp fraud. According to Business First, after an investigation was done by the fraud bureau of the State Department of Financial Services (DFS), John Czechowski was charged with third degree insurance fraud, grand larceny, offering a false instrument [...]

You are reading an article from The Fraud Report blog, presented by Trace America. Visit our website today for more information about how to fight fraud!