Man said he lost $7,000 bracelet in crash, officials say. Then cops checked bank account [The Charlotte Observer]
Charlotte Observer (NC)
A man accused of filing phony claims for a “lost” bracelet was charged after a peek at his bank statements, Georgia insurance officials say.
Warrants were issued Dec. 6 for the 41-year-old man from Cumming on charges of insurance fraud, Georgia Insurance and Safety Fire Commissioner John F. King said in a Dec. 14 news release.
The charges come three years after investigators said he bought a “high-end gold bracelet” worth about $7,000.
In September 2020, he reportedly told police in San Diego, California, that his pricey jewelry was stolen in a robbery, King said. He filed a fake insurance claim in October 2020 to cover the cost of the gold bracelet, along with a second bracelet he said he bought in 2014 for $16,000, officials said.
In December 2020, investigators said the man was hospitalized after a car crash. He submitted another claim for both bracelets the following day, alleging that they were lost in the crash, according to the commissioner’s office.
“Along with bank statements and other information, our investigators determined that the suspect had previously returned the $7,062 bracelet and was fully refunded,” King said.
Investigators were still searching for the man as of Friday, Dec. 15.
Cumming is about 40 miles northeast of downtown Atlanta.
Bank employee steals over $105,000 in benefits meant for customer who died, feds say
State Farm agent stole client’s insurance payment and took off, Georgia officials say
Army worker stole $100 million from grant program, used it to live lavishly, feds say
Makerere University Reports Findings in Health Services (Expectations of clients, insurers, and providers: a qualitative responsiveness assessment among private health insurance sector in Kampala-Uganda): Health and Medicine – Health Services
Solvency II and IRRD: Council of the European Union and Parliament Agree on New Rules for the Insurance Sector
Advisor News
- How to listen to what your client isn’t saying
- Strong underwriting: what it means for insurers and advisors
- Retirement is increasingly defined by a secure income stream
- Addressing the ‘menopause tax:’ A guide for advisors with female clients
- Alternative investments in 401(k)s: What advisors must know
More Advisor NewsAnnuity News
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
- My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
- Ameritas settles with Navy vet in lawsuit over disputed annuity sale
- NAIC annuity guidance updates divide insurance and advisory groups
More Annuity NewsHealth/Employee Benefits News
- Guest Column: Why Indiana must rethink the Medicaid middle
- ALBANY — State lawmakers in New York are looking to block insurance companies from terminating coverage for their clients
- A challenge for young Marylanders: Getting – and keeping – health insurance
- State bill would stop insurance carriers from terminating coverage over genetic test results
- Health insurance legislation signed into law by Reynolds
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Berkshire Hathaway Life Insurance Company of Nebraska and First Berkshire Hathaway Life Insurance Company
- Generational expectations: A challenge for the industry
- Greg Lindberg asks NC judge for no jail time in bribery, fraud cases
- National Life Group Names Brenda Betts to Its Board of Directors
- Ask Tim a Question? Business, Finances, Money, or Taxes
More Life Insurance News