It’s easy to understand why someone might be tempted to commit insurance fraud because the lure of money never ceases. The state of the economy combined with the draw of “easy money” continues to make insurance fraud a low-risk, high-gain proposition to most criminals. “The economy is squeezing more and more consumers and forcing growing numbers into a financial bind. This is creating a great deal of temptation for some consumers to seek a financial bailout…
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The face of fraud: 11 dumbest insurance scams
It’s no secret that many insurance fraud schemes involve murder, illicit activities, and mountains of debt. And of course, many involve idiots. Yes, people have been known to attempt the dumbest feats to get a quick payout, oftentimes getting caught in the process and facing probation, hefty fines, and time in the slammer. “[People are driven by] desperation, greed and a lack of common sense, it depends who you are, how bad the economy is,…
Read MoreInsurance fraud cases remain steady
In California, someone who owes more on their car than it is worth easily remedies the situation by driving the car to Mexico and reporting it stolen. In New York, a man low on cash dresses up as his recently deceased mother to cash in on her workers’ compensation claim.
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