Friday, October 15, 2010

5 Arrested In Florida For Insurance Fraud Scam

Florida authorities announced the arrest of five individuals, including Donald Alfred Toohey, III, 30, on charges they conspired to defraud Zurich Insurance Group, by creating multiple falsified and fabricated claims in excess of $240,000. Others arrested include Scott J. Kincaid, 44, twin brothers, Brian Frederick Kneifer, 26, Anthony Michal Kneifer, 26, and Tricia Ann Allen, 27. According to authorities, Toohey, pictured here, used his position as a claims adjuster with Zurich to create at least 26 fraudulent claims payable to the co-conspirators. A large portion of those checks were then allegedly kicked back to Toohey. The scam spanned nearly five years, from August 2004 until June 2009 in which a total of $242,657 was misappropriated. The co-conspirators all have pleaded guilty to grand theft charges. Toohey is believed to have received more than $200,000 of the total stolen.
Read the story here and here.

Hat tip: Reader Joe.

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