Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com. A massive online fraud and money-laundering scheme, whose victims included older adults, has been broken up by federal law enforcement authorities. An official website of the United States government. A .gov website belongs to an official government organization in the United States. Victor Carrasquillo, 27, of Brentwood, Long Island, who allegedly filed a claim on April 3, 2016 for damage to the rear passenger side of his vehicle, then withdrew the claim after learning that his deductible was $2,500.00. The Department of Financial Services supervises many different types of institutions. Consumers can sometimes be victimized by unscrupulous agents or brokers and discover only after they file a claim that they are without coverage. Similarly, a stock car racer will pay more for life insurance than a librarian, all else being equal. News from Attorney General Eric T. Schneiderman, Attorney Generals Press Office / 212-416-8060nyag.pressoffice@ag.ny.govTwitter: @AGSchneiderman, A.G. SCHNEIDERMAN ANNOUNCES ARRESTS OF FIVE INDIVIDUALS CHARGED WITH AUTO INSURANCE FRAUD, Operation Crash & Buy II Results in Charges Against Defendants in Queens, Brooklyn, and Suffolk County for Allegedly Increasing Insurance Coverage After Their Vehicles Were Damaged and Then Making False Claims, Investigation Part of Broader Focus by AGs Auto Insurance Fraud Unit on Efforts to Defraud Insurance with Claims for Damage and Thefts that Occurred Before Policy Effective Dates. Accessibility & Reasonable Accommodations, A driver and a body shop worker agree to inflate the auto damage claim and share the "profit.". Health care fraud is not a victimless crime. Rockford, IL 61101, Chicago: (312) 353-5300
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The investigation revealed Vallery submitted fraudulent insurance documents to larger corporations alleging he was insured with BXS Insurance Company. Edmonds told her insurance company the damage happened after she reinstated her policy but it actually occurred before the reinstatement, the news release said. Generally, the greater the risk, the higher the premium. When viewed alone, each transaction appears to be legitimateonly after the cumulative effect is considered does fraud emerge. If you are unable to find the answer to your questions here, check our FAQs. The vast majority of consumers say theyre concerned about insurance fraud and its damage. Take time to decide what's right for you. If you do not receive it, question your insurer, agent or broker. If you suspect insurance fraud or other white-collar crimes, you can report it anonymously by calling the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840. This type of fraud impacts the entire system and results in higher costs for companies and policyholders. I commend the FBI Chicago Field Office and the Arlington Heights Police Department for their diligent work in uncovering this complex scheme and seeking to hold the defendants accountable for their personal and economic harms., We will not allow deceitfulness to prevail for selfish financial gain, said FBI SAC Buie. The Attorney General's investigation was conducted by Investigators Severino Concordia and Zylona Silva of the Auto Insurance Fraud Unit, under the direction of Supervising Investigators Edward Keegan and Natalie Shifrin and Deputy Chief Leonard D'Alessandro. You tell the insurance company items that you did not actually own were stolen also, in attempts to collect more in insurance benefits. In Livingston Parish, troopers arrested 36-year-old Gerald Toussaint of Denham Springs on July 31 on a charge of automobile policy insurance fraud. He surrendered himself to State Police on August 3 and was booked into EBR Parish Prison on two counts of forgery of a certificate of insurance. For example, before answering a question with a lie, a deceptive person will usually try to avoid answering the question at all. The FBI investigates these crimes in partnership with: We need your help to identify, investigate, and prosecute this crime. Superintendent of Insurance Gregory V. Serio, along with New York City Police Commissioner Raymond W. Kelly and Brooklyn District Attorney Charles J. Hynes announced on Sunday the arrest of 51 individuals as part of the takedown of a no-fault insurance fraud ring in New York City. Contact the NICB hotline at 800-TEL-NICB to report any incidents of suspected insurance fraud. A lock icon or https:// means youve safely connected to the official website. The CAIF website offers a wealth of information for consumers. Carriers are laser-focused on customer satisfaction, and each claims experience yields a different result. For example, they may see exaggeration of an otherwise genuine claim as just part of the negotiating process. The ill-gotten funds were allegedly laundered primarily through two individuals in the Los Angeles area, who were named in the indictment. Coalition consumer videos tell the anti-fraud story and why insurance fraud is a dead-end. I commend the NYPD detectives, FBI agents and prosecutors of the United States Attorneys Office in the Southern District of New York for their long-term efforts and cooperation in this investigation into alleged healthcare fraud, money laundering and bribery. The Investigations Bureau is led by Chief Dominick Zarrella. Assistant United States Attorneys Mathew Andrews and Louis A. Pellegrino are in charge of the prosecution. According to Texas law . We will continue to work with ourlawenforcement partnerstohold accountable those who manipulate the insurance system on which so many people depend, especially when the alleged perpetrators are professionalswho allegedlyviolated theoathsthey tookto serve and protect., State Police Superintendent Kevin P. Bruen said: These indictments are the result of years of investigative work and could not have succeeded without the collaboration between federal, state and local law enforcement. PIERRE conducted much of the No-Fault Scheme from his physical office located in a law firm owned by a family member (Law Firm-2), where, among other things, he monitored the Pierre Clinics using closed circuit TV cameras, communicated with co-conspirators using Law Firm-2s email domain, and met with doctors in Law Firm-2s offices. The indictment and arrests were announced by John R. Lausch, Jr., United States Attorney for the Northern District of Illinois; Emmerson Buie, Jr., Special Agent-in-Charge of the Chicago Field Office of the FBI; and Nicholas A. Pecora, Jr., Chief of the Arlington Heights, Ill., Police Department.