Crime Warp: The Nine Most-Brazen Insurance Scams Of 2018 - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Top Stories
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Top Stories
Top Stories RSS Get our newsletter
Order Prints
January 15, 2020 Top Stories
Share
Share
Post
Email

Crime Warp: The Nine Most-Brazen Insurance Scams Of 2018

By Staff Reports

A socialite makes nearly $20 million of false damage claims after fire wrecks her mansion. An obsessed entrepreneur lodges $1.2 billion of bogus Medicare claims. A slip-and-fall ring terrorizes businesses with $32 million of bogus trips and slips.

The nine most-brazen insurance fraudsters of 2019 were chosen by the Coalition Against Insurance Fraud. The convicted extreme schemers were inducted into the Insurance Fraud Hall of Shame.

The Shamers draw wide public attention to insurance fraud — and its high costs to consumers and insurers. Fraud is an $80-billion annual epidemic, one of America’s largest financial crimes.

Here are this year's shamers:

Fire fraud flameout. Wealthy socialite Claire Risoldi rifled her insurer with $20 million of swollen claims for ruined home possessions after her mansion burned near Philadelphia. Risoldi even blamed brave firefighters for stealing $10 million of jewelry that largely didn’t exist.

Slip ring falls. Street people and other down-and-outers were recruited to pretend they tripped on the sidewalks of New York City. It was a $32-million strafing of insurers by a slip-and-fall ring. Ringleader Dr. Peter Kalkanis even forced some “victims” to have painful spinal fusions and other surgeries to inflate injury claims.

Deadly home arson. A $500,000 home burning ended when the fire starter was scorched to death after lighting gasoline inside the Scranton, Pa. home. Diomedes Ceballos hired his doomed brother Aurelio to burn the home. Aurelio was engulfed in flames when he lit the blaze. That fireball sent him to his death, and Diomedes to the Hall of Shame.

Uncaring nursing care. Phil Esformes launched one of the largest insurance crimes in U.S. history, a $1.2-billion plundering of health insurers in South Florida. Esformes recruited 14,000 addicts, mentally ill and street people for bogus assisted living, nursing care, lab work and other thefts.

Disability scream scheme. A mugger wearing a frightening mask of movie slasher Michael Myers seemingly beat up Boston-area trolley driver Thomas Lucey at a trolley stop. Lucy claimed PTSD and collected thousands of dollars in disability. Except Lucey set up the fake mugging with a friend to steal disability money.

Slip scam iced. Alexander Goldinsky dropped ice on his employer’s cafeteria floor, pretended to fall, and claimed he hurt his head. Security cameras recorded the entire bungled plot. Goldinsky became a national news sensation for how not to try an insurance scam when security cameras are watching.

Phone flimflam. Worthless ortho braces highlighted Lester Stockett’s $424-million theft from Medicare as a lead player in a suspected $2.1-billion transnational crime ring. Telemarketers recruited seniors. Corrupt doctors gave them bogus phone exams and ordered unneeded braces in a vast accused telemedicine plot.

Gator guile. Alligators devoured Mike Williams in a lake near Tallahassee, Fla., worried officials decided. Actually, Mike’s best friend Brian Winchester shotgunned him on a duck-hunting trip, claimed Mike drowned, then buried his body. Winchester and Mike’s wife Denise plotted his death to steal $1.75 million of life insurance and run off together.

Sobriety scheme. A corrupt rehab network forced desperate addicts to relapse in a $100-million plot to milk insurers in Pennsylvania. Jason Gerner warehoused addicts in unsafe sober homes. He forced many addicts to keep relapsing so he could making more false rehab claims. Some sober homes even let addicts take drugs.

 

Staff Reports

This report compiled by InsuranceNewsNet staff.

Older

LIMRA Expands Intel For Carrier Product Development

Newer

Many Americans Lack Trusted Financial Confidant, Survey Finds

Advisor News

  • Midlife planning for women: why it matters and how advisors should adapt
  • Tax anxiety is real, although few have a plan to address it
  • Trump targets ‘retirement gap’ with new executive order
  • Younger investors are engaged and advisors must adapt
  • Plugging the hidden budget leaks of retirement
More Advisor News

Annuity News

  • Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
  • AM Best Assigns Credit Ratings to Calix Re Limited
  • Transamerica introduces new RILA with optional income features
  • Transamerica introduces RILA with optional income features
  • American Life expands into Wyoming and Mississippi markets
More Annuity News

Health/Employee Benefits News

  • North Dakota small business owners lament rising healthcare costs, credit card swipe fees
  • NC's new Medicaid 'compromise' comes at a cruel and frightful cost
  • VA to host claims and enrollment clinic in Hutch
  • Data from Brown University Provide New Insights into Managed Care (Substantial Variation In Administrative Spending and Profit Across State Insurance Markets, 2023): Managed Care
  • Studies from Parth Sheth et al in the Area of Epidemiology Described (Graphical Structure Learning Identifies Hypothesized Mechanisms for Heterogeneous Treatment Effects in Medicaid Population Health Programs): Health and Medicine – Epidemiology
More Health/Employee Benefits News

Life Insurance News

  • Genworth Financial Announces First Quarter 2026 Results
  • Transamerica agrees to $57M settlement in cost-of-insurance lawsuit
  • The next step for AI in insurance — partnerships to scale
  • Your clients are sitting on underused assets
  • National Life Group Names Jason Doiron CEO of NLG Capital to Lead the Next Phase of Growth
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet