The City of London Police have revealed a man who offered fraudulent motor insurance policies to Sudanese nationals living in the UK has been sentenced to 10 months’ imprisonment, suspended for 12 months.
An explosion in ‘ghost broking’ is fuelling policy fraud, leading to calls for tougher regulation on social media to protect vulnerable customers.
The sky-rocketing cost of living and the longer term economic effects of the pandemic could lead to an increase in ghost broking, experts have warned.
Rodney Bruce Van der Puye has been sentenced to 21 months imprisonment suspended for two years and ordered to complete 180 hours of unpaid work for acting as an illegal insurance intermediary.
The Insurance Fraud Bureau has detailed the top 10 new areas targeted by ‘crash for cash’ gangs as it warned drivers to be vigilant of the scam.
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Police are now using the Proceeds of Crime Act to recover funds which were illegally obtained.
The fraudster, a broker relationship manager, was sentenced to two years imprisonment suspended for two years and 180 hours of unpaid work after pocketing £106,000 for setting up fake insurance policies and redirecting claims payments.
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The individual stole nearly £18,000 from the CMC and attempted to steal approximately £17,000 more.
Detected dishonest claims reached a value of £1.2bn during the year.
With ghost broking back in the news, commissioning editor Laurence Eastham asks a panel of five experts what the industry can do to tackle the problem.
The convicted admitted to defrauding the company in order to fund his drug habit and has been sentenced to two years in jail.
‘Wolf of Manchester’ case sees an employee and ex-employee of the insurer, along with two others who ran a claims management company, get suspended sentences for their roles in exploiting and selling customer data.
Scammer was sentenced after setting up fake companies and buying fraudulent fleet policies worth £60,000.
Fraudster took out fake insurance policies just weeks after he was released from prison for scamming 150 drivers.
Woman made 31 false claims, including that her daughter was a victim in the Manchester Arena terrorist attack.
Ifed says 17-24 year olds most likely to fall victim to fraudsters selling fake car insurance.
The man was jailed yesterday for abusing his position at three different insurance companies to fund trips to Disneyland.
Research from ABI reveals one insurance fraud per minute was discovered.
Former insurance broker was sentenced to 12 months in jail after gaining £25,000 from setting up fake car insurance policies and using his contacts book from his time as a broker.