Tag: insurance scam

Disability insurance fraud in New York City could reach $400 million

Julie Campbell
Disability Insurance Fraud

Fraudsters in the city have been found to have been scamming the system for decades. Last week, more than 100 former employees of New York City were charged with disability insurance fraud after having allegedly faked psychological issues in order to be able to collect their benefits. According to prosecutors on the case, the total that NYC has experienced in fake claims could reach $400 million. This total dates back over many years, to 1988. The prosecutors say that since that time there have been about $400 million in disability…

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Life insurance fraud sends man to jail for murdering his son

Julie Campbell
Disability Insurance Fraud

A New York man who killed his son to be able to collect benefits payouts has been sentenced to prison. A man named Karl Karlsen, who, in November, pled guilty to a charge of second degree murder of his son in order to commit life insurance fraud, has now been sentenced to 15 years to life in prison. The man was able to collect the payout of $700,000 on his son’s policies, as he was the beneficiary. Karlsen, 53 years old, admitted to shifting a truck off a truck under…

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Life insurance payout behind woman’s intention to kill her husband

Julie Campbell
life insurance murder fraud

A mother of two in England hired a hit man to murder her husband so that she could claim on his policy. In East Yorkshire, England, a 36 year old woman named Lisa Fairpo has been accused of hiring a man to kill her husband so that she would be able to collect on his massive life insurance policy. The intention was to murder her husband so that she would be able to use the payout to avoid bankruptcy. The case is now before the court and has revealed that…

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Insurance news focus is back on Tom Hanks as his broker receives 27 months

Julie Campbell
Insurance news Tom Hanks and Rita Wilson

After having scammed the Oscar winning actor and others, Jerry Goldman has now been sentenced. The insurance news spotlight is on Southern California, at the moment, as a broker from that region who scammed Tom Hanks and his wife, Rita Wilson, by hundreds of thousands of dollars is now facing a jail sentence of 27 months within a federal prison. This sentence was first issued to Goldman on Monday, when he found that he will be in jail for more than two years. Beyond the 27 month jail sentence making…

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Insurance news shows the mis-selling complaints in the U.K. continue

G. Turner
UK cyber Insurance industry News united kingdom

A recent report issued by the watchdog organization has revealed that banks will need to provide more in payouts. The Financial Ombudsman Service in the United Kingdom has now stated that the number of complaints that it has received with regards to the insurance news of the mis-selling scandal in the country have skyrocketed within the six months that ended in September. This has increased the odds that banks will be required to pay a higher amount for compensations. The Financial Ombudsman Service is the official watchdog that steps in…

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