The Fraud Report

SC Man Charged with Cutting Off Friend’s Hand For Money

Trace America — Fri, 24 Feb 2012 20:02:48 +0000

Back in December of 2011 we brought you the story of a Chinese man who cut off his own hand for the insurance money. And while we were hoping that story would be unique, here we are again writing about the same thing not even 3 months later. According to WYFF News, a South Carolina [...]

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!

Pembroke Park Lake Reveals 25 Underwater Vehicles

Trace America — Thu, 23 Feb 2012 20:20:57 +0000

When talking about a parking lot, most people would envision a paved area that’s usually divided into individual spaces for cars to park in. However, that isn’t quite the case for 25 cars found parked at the bottom of a Pembroke Park lake. According to WPLG News, over two dozen cars and trucks were found [...]

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!

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, [...]

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!

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!