August 19, 2018

Risky Business

Risky Business
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Fraudulent Principal

A high school principal was caught lying in her insurance application about her address to save on costs. She used a colleague’s address for two years consecutively, filed two insurance claims too. The claims brought her under the radar of the insurer. Once she realised she was being investigated, she...

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Disgraced Manager

A senior manager at an insurance company has been booked by federal authorities for colluding with dummy insurance agents to cause losses to the company. The woman reportedly registered an insurance agent in the books of the company. When she was transferred to other branches, the agent’s licence followed her...

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Damaged Gun

A client, wife and mother of national-level shooters claimed for a pistol that exploded during shooting practice. The insurer rejected the claim reasoning that the gun in question was old and damaged from wear and tear, without proper maintenance. The claimant promptly filed a lawsuit. The verdict: the insurer was...

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The Call

This driver probably never thought of the future before he made a call to the police. His car broke drown and being the humanitarian, he called the police to notify them of the obstruction he was creating in the highway. As expected the police responded and a patrol car was...

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Veterans in Hot Water

About 260 disabled war veterans have been hit with payment notices for a life insurance policy that they weren’t aware of being enrolled in, in spite of being automatically being covered for free by a federal department. They have been sent separate letters detailing the amount that needs to be...

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The Ghosts

Launderette by day, insurance brokers by night. Two fraudsters have been found guilty of running a ghost broking operation from their legitimate laundry business which served as a fronting operation. What looked like a legitimate laundry business hid an elaborate insurance fraud scam. Visitors to the premises were getting fraudulent...

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Burglary? Maybe not…

An Army officer has been charged with making false insurance claims and pocketing a chunk of claims money. According to the prosecution, he filed fraudulent claims dating to 2014 for insurance payments. He also reportedly bought luxury items, which he returned for a refund and later claimed that they were...

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Kickback

A former insurance adjuster was sentenced for using his position to engage others into a fraudulent scheme, which involved repeated acts to steal from an insurance company, over a lengthy period of time. Authorities said that the adjuster while working for the insurer, received money, gift cards, and other items from...

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Poof!

An office assistant of an insurance agent has been convicted and sentenced to one-year imprisonment for fraudulently siphoning off funds from his employer. The employer gave him the money to be paid on behalf of a client at the insurance company. He waited for the assistant outside the insurance company branch, but the...

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Caught by Stupidity

A businessman successfully conned his insurance company after staging a bogus car crash in a warehouse. He conspired with another person to take the car in the middle of the night where it was trashed and left. It was then transported to another road where he and his co-conspirator claimed...

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