Saturday, March 22, 2008
Friday, March 21, 2008
Former Mayor, State Trooper, Insurance Fraud Investigator, and basketball coach stands accused of insurance fraud
Thursday, March 20, 2008
Wednesday, March 19, 2008
Tuesday, March 18, 2008
Two little old ladies in
This story is a wild one. They befriended a homeless guy, then convinced him to sign life insurance policy, then forged his signature on several other life insurance policies, and the murdered the guy by running him over with a car!
Then, they did it again to another guy!
They collected nearly $3 million. Now they face 160 years in jail.
In a suburb of
Police Chief in
Monday, March 17, 2008
-People that saw fraudulent actions as done for "monetary necessity."
-People who consider themselves as "social victims."
-Individuals who feel personally victimized and who are motivated by "anger."
-Groups characterized as “economic sophisticates,” people who seek to obtain and maintain wealth and who view fraudulent behavior as a calculated risk.
The Pennsylvania Insurance Fraud Prevention Authority (IFPA) commissioned this study and they found that about 58 percent of Pennsylvanians feel that insurance fraud was acceptable under some circumstances. It should also be noted however that more than half of Pennsylvanians did also agree that insurance fraud should be discouraged.
Although their study did show that people could rationalize a need for insurance fraud, 72.4 percent of those questioned did agree that the perpetrators of insurance fraud should be prosecuted for lying and falsifying information. Additionally, 90.6 percent of those questioned did also indicate that if insurance companies were to actively pursue fraud cases, then fraud incidents would likely go down.
Rationalizing crimes is one way that criminals motivate themselves to break the law. Insurance companies are easy targets in this arena due to negative publicity received in the event of major catastrophes such as Katrina. However, the victims of insurance fraud are not just the insurance companies, but also their customers. An insurance company has to make up every dollar they lose to fraud, or spend in fighting fraud by charging their customer a higher premium.
Sunday, March 16, 2008
1. Added Damage: The fraud perpetrator intentionally causes damage to his vehicle after an accident in order to inflate the overall value of the claim to minimize the impact of his deductible and to substantiate “injuries” sustained in the accident.
2. False Assistance: Ever been waived on by a helpful motorist? Watch out. This is a typical scam. The scammer will give you a quick wave, then drive into your path causing a collision. They will then deny ever signaling to you and claim you were at fault for their damage and injuries.
3. Hit & Run – This one hurts insurance customers in the pocketbook. It takes place when someone damages their car without involving anyone else, like if they hit a tree or telephone pole. They will typically blame the accident on a “phantom driver” that dissappeared after the accident.
4. Quick Stop. This will often involve more than one person in the scammer vehicle. They will get in front of you and have a passenger watch for you to pick up a cell phone, take a swig of coffee, or watch the pretty ladies walking down the street. When you are visibly distracted, the passenger will tell the driver to slam on the brakes, and you will inevitably rearend them. They will then deny ever stopping short and will blame you for damages and injuries to the driver and passengers.
5. Paper Accident – This is not an accident at all. It is a fake accident, sometimes without actual cars or people! It is often perpetrated by several people in concert such as bogus attorneys, collision shops, and health care providers that submit phony paperwork for accidents that never happen and get paid for damages and injuries that were simply made up!
6. Good Samaratin - If you are involved in an accident, even if the circumstances of the accident are legitimate, there are many opportunities for you to be lured into fraudulent activities. If persons who promise to make everything right approach you on the street, in your hospital room, or at your home, beware. They may be looking to cash in on inflated auto damage estimates or opportunities to falsify and embellish injury claims to crash the claims office of your insurance company.
7. Sideswipe – This involves double or triple turning lanes. The scammer will make multiple left turns just waiting for an opportunity to accellerate when an innocent victim happens to turn his attention away. When the collision occurs, the scammer will blame everyone else for the accident as well as to jump on the injury bandwagon.
8. Swoop and Squat – This is when a scammer steers his car in front of the victim and stops suddenly (the “squat”) while his partner in another vehicle pulls along side preventing the victim from steering out of the situation. The result is a rear end collision, which is very difficult to defend.
9. T-Bone – Another teamwork job. The scammer will run a red light and drive into the side of passing vehicle. His buddies will be standing on the corners and will gladly tell the police that the victim ran a red light.