Charges laid in massive health insurance scam worth $1M in fraud

Health insurance scam - Scam alert

A Florida man has been charged with impersonating a New Jersey doctor to make falsified claims. A Florida man is now facing charges in a massive health insurance scam. To swindle his insurance company out of about a million dollars, he allegedly assumed the identity of a doctor in New Jersey. The man proceeded to file a number of fraudulent claims against his medical plan. By using the New Jersey doctor’s identity, the man allegedly submitted over $1 million in fake insurance claims. The health insurance scam involved services that…

Read More

NYPD caught burning vehicles for fraudulent insurance claims

life insurance scam

The police officer was busted by federal investigators who caught him torching two cars and a Range Rover. Fraudulent insurance claims were the center of a scheme implemented by an NYPD officer. He was caught after having burned a Range Rover in addition to two of his other vehicles. By the time feds caught him, GEICO had already issued at least $34,000 in reimbursement payments. Carlos Becker promised two men money in exchange for their assistance in crashing and burning his Range Rover. That was back in September 2012. The…

Read More

Health insurance scams are targeting consumers in Texas

Texas health Insurance companies

Texas consumers are facing a new wave of scams that could leave them exposed to risks Low-income individuals living in Texas are being targeted by scams that seek to profit off their enrollment in the state’s health insurance exchange, as well as enrollment in HealthCare.gov. Enroll America, a non-profit organization offering free information concerning the enrollment process, has noted that there has been an increase in the sales tactics used to target low-income consumers. The organization suggests that many of these practices could actually be illegal as scammers are charging…

Read More

Minnesota set to fight insurance fraud

Auto Insurance Fraud

Lawmakers are taking steps to fight fraud in the insurance sector Lawmakers in Minnesota are beginning to focus on ways to cut down on insurance fraud. According to state officials, many people come to the state in order to exploit loopholes that exist in current laws, hoping for financial gain on fake medical claims and targeting other insurance sectors. Lawmakers are now drafting legislation that would provide the state’s Commerce Department with an anti-fraud unit, which would work to combat insurance fraud in Minnesota. New anti-fraud unit will help combat…

Read More

ICBC releases strangest insurance fraud cases of 2014

insurance fraud

The auto insurer had recommended that charges be laid against 100 people, last year, for a range of scams. The ICBC has now released a list of the oddest insurance fraud cases that its investigators were able to detect in 2014, which included everything from airbag evidence, failed impersonations, and even a conspiracy involving time travel. The Insurance Corporation of British Columbia has estimated that between 10 and 15 percent of its claims aren’t truthful. The data from the ICBC has stated that it feels that between 10 and 15…

Read More

Top 2014 cases of insurance fraud identified

insurance fraud

The MPI has now released its list of the largest errors and attempted fraudulent claims from January through December. A new list called the “top five frauds” has now been released by Manitoba Public Insurance (MPI), which shows the leading instances of insurance fraud that occurred within this Canadian province. While interesting and amusing to some, it also places the spotlight on an ongoing problem in the insurance industry. According to the MPI’s data, its own special investigations unit was able to discover approximately $7.5 million in insurance fraud in…

Read More

FTC issues warning about health insurance scams

Small Business health insurance

States are promoting their insurance exchanges, but consumers could be at risk of exploitation Many states in the U.S. are beginning to promote their health insurance exchange ahead of a new open enrollment period, but consumers are being warned that they could be taken advantage of by scams. The Federal Trade Commission has issued a warning about insurance scams that seek to prey on those that are shopping for policies through state-based exchange marketplaces. These exchanges will begin selling coverage in November, and those that are not careful about how…

Read More