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...SIU). When the report came in, a computer search was performed of Classic Car'..., and no prosecution is expected. The fraud bureau is simply inundated with fraudulent insurance claims and must limit its prosecutorial efforts to major crimes that exceed $1 million.

... capping ledgers') kept by the suspected doctor or attorney. I've found that when suspect cappers, doctors, and attorneys keep records of capping payments, they're often disguised as investigative costs or other professional services. In my experience, these records are often kept on computer, especially in doctors' and attorneys' offices. They may be protected by computer encryption or password. It's also possible to hide a file so that it doesn't appear on the computer's directory without the use of a password or special software. It then becomes ... ,500 (cash) in every case, and $1 ,500 to $2 ,000 for referring another person to participate in the staged accident. In my experience, the crime of capping is usually tied in with the more serious criminal felonies of insurance fraud, grand theft, conspiracy, and other crimes. Cappers associate with attorneys and doctors, referring clients and patients to them for a fee. These unscrupulous doctors and attorneys currently pay capping or referral fees ranging from $800 to $2 ,000 per client ... , these other participants and I were paid $1 ,500 to $3 ,500 (cash) in every case, and $1 ,500 to $2 ,000 for referring another person to participate in the staged accident. In my experience, the crime of capping is usually tied in with the more serious criminal felonies of insurance fraud, grand theft, conspiracy, and other crimes. Cappers associate with attorneys and doctors, referring clients and patients to them for a fee. These unscrupulous doctors and attorneys currently pay ...

... Fraud And Counterfeiting
As computer and duplicating technologies have ad...th checks is the best way to stop the fraud. It's not difficult to detect; in ...

... to its request, submitted a sworn declaration of auto total theft, making his claim for $100,000. Classic Car Insurance Co., as required by California law, maintains a special investigation unit (SIU) . When the report came in, a computer search was performed of Classic Car's other claims payments. A three-year-old theft loss of a classic Mercedes was discovered to have been reported by a person with the same last name as the insured. The old file was taken out of archives and it was determined that ... you do no more than you are required by law to do. Classic Car was saved a $100,000 claim. It spent $30,000 investigating the claim and defeating it. It was lucky. No litigation ensued. It reported the loss to the fraud bureau, which now has the insured's name on record. There has been no prosecution, and no prosecution is expected. The fraud bureau is simply inundated with fraudulent insurance claims and must limit its prosecutorial efforts to major crimes that exceed $1 million. Copyright ... The John Cooke Fraud Report. Barry Zalma, of the Culver City, CA law firm of Barry Zalma, Inc., is also the president of ClaimSchool, Inc., the publisher of How Your Friends and Neighbors Are Screwing You. Edited by the CompleteMarkets editorial team. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money ...