32 Accused In San Diego-Based Insurance Fraud Ring
San Diego Union-Tribune (CA)
A long-running investigation into a San Diego-area auto insurance fraud ring involving staged collisions and thefts has resulted in charges against 32 defendants and uncovered $822,000 in losses, state officials said Friday.
The fraud involved going to car auctions, buying banged-up, high-mileage vehicles on the cheap, getting them insured and then filing inflated claims for damage or thefts, according to the California Department of Insurance.
Officials said they have found as many as fraudulent 45 claims involving 56 vehicle tied to the ring over the last four years.
The investigation, dubbed Operation Dealer's Choice, led to 10 people charged in December 2019.
Operation Dealer's Choice has now expanded to 32 defendants who are accused as members of the ring and are facing insurance fraud-related charges. Most of the defendants are residents of San Diego, but some come from other cities in the region from Imperial Beach to Vista. Three are from other states, and two live in Tijuana.
Thus far, 17 people have been arraigned in Superior Court, state insurance officials said. Four have already been sentenced, including a San Diego man who got five years in prison and was ordered to pay $140,000 in restitution.
Seven defendants are fugitives.
Officials said 12 insurance companies were victimized by the scheme.
State officials said the San Diego County District Attorney's Office is prosecuting the cases.
This story originally appeared in San Diego Union-Tribune.
'Cowboy' candidate Joe Blystone has a following and high hopes for Ohio governor's race
Solvang Insurance Agent Releases Fire Safety Tips for Home and Work
Advisor News
- Americans aren’t turning retirement plans into action, LIMRA finds
- Ashley Hinson ‘death tax’ story collides with truth
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
More Advisor NewsAnnuity News
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
- NAIC regulators begin consensus phase on annuity illustration overhaul
More Annuity NewsHealth/Employee Benefits News
- Endorsing Janoo
- Ashley Hinson unveils insurance transparency bill amid scrutiny of her health care record
- Why Gen Z turns everything – even murder – into a joke
- Ashley Hinson unveils insurance transparency bill amid scrutiny of her health care record
- 3 summer sales habits that build next year’s pipeline
More Health/Employee Benefits NewsLife Insurance News
- Indiana eyes more oversight of insurance companies' exposure to private credit
- HEALEY-DRISCOLL ADMINISTRATION RETURNS $14.5 MILLION TO HEALTH AND DENTAL INSURANCE CONSUMERS AND BUSINESSES
- ‘Uniquely positioned’: Equitable outlines future post-Corebridge merger
- Don't keep checks with clerical errors
- The insurance distributor that builds its own software will win the next decade
More Life Insurance News