Insurance Fraud

Understanding Insurance Fraud

Insurance fraud happens when someone intentionally tries to get unjust benefits from insurance processes. This can occur when a claimant seeks perks they don’t deserve or when an insurer wrongly denies rightful benefits. Common schemes include workers’ compensation fraud, asset diversion, fee churning, and premium diversion. If you’re charged with any of these offenses, a Greensburg insurance fraud lawyer can provide crucial assistance.

Broad Categorization of Insurance Fraud

Insurance fraud can be categorized into two main types:

Hard Fraud

Hard fraud involves deliberately fabricating accidents, arson, theft, injury, or other losses to unlawfully collect money from an insurance company.

Soft Fraud

Soft fraud occurs when honest individuals resort to minor deceptions while dealing with insurance companies. These actions, though seen by some as harmless exaggerations, are crimes that ultimately increase insurance costs for everyone.

It’s essential to understand the consequences of collecting insurance payments you’re not entitled to. Insurance companies will actively pursue and prosecute such cases, often leading to federal indictments. In these situations, consulting a Greensburg criminal attorney is crucial to protect your rights and effectively navigate the legal process.

What is Federal Insurance Fraud?

Federal insurance fraud refers to intentional, misleading actions taken to deceive insurance companies for personal gain. Although no specific statute addresses insurance fraud alone, prosecutors in Greensburg can charge individuals under the RICO (Racketeer Influenced and Corrupt Organizations) Act and statutes related to wire and mail fraud.

Types of Federal Insurance Fraud

Engaging in federal insurance fraud includes:

• Providing false or misleading statements to an insurer about a claim to defraud the company.
• Presenting falsified documents to manipulate motor vehicle insurance actions or rates.
• Conspiring or assisting others in defrauding insurance companies with false information.
• Submitting false claims using another person’s insurance identification card.
• Hiring individuals to commit fraud against an insurer.

For example, falsely claiming to have lost valuable items during a house incident, like a fallen tree, can lead to charges and convictions of insurance fraud.

FBI Investigations

The Federal Bureau of Investigation (FBI) investigates various types of insurance fraud, including:

• Asset Diversion: Stealing assets during acquisitions or mergers of insurance companies.
• Fee Churning: Collecting excessive commissions through reinsurance agreements.
• Premium Diversion: Embezzling insurance premiums.
• Disaster Relief Fraud: Filing inflated or false claims following a disaster like a hurricane.

Individuals may face federal charges and civil action by the insurance company for insurance fraud.

Penalties

Insurance fraud charges are typically classified as third-degree felonies, carrying substantial fines and long incarceration periods.

How a Greensburg Insurance Fraud Attorney Can Help

Facing insurance fraud charges can be daunting, with determined federal prosecutors and strict laws working against you. At Logue Law Group, our experienced Greensburg criminal lawyers are ready to advocate for you. Our goal is to ensure you understand all your options and achieve the best possible outcome for your case.

Comprehensive Representation

With our experienced Greensburg DUI attorney by your side, you can rely on us for comprehensive representation in cases involving insurance fraud and scams. We will fight to uphold your rights under various consumer protection laws and vigorously pursue recovery of any losses you may have suffered.

Dedicated Support

We understand the seriousness of insurance fraud, given the substantial financial implications involved. Whether you or a loved one is facing such charges, our dedicated Greensburg DUI lawyer is here to guide you through the legal process. From explaining your defenses to exercising your rights, we will support you every step of the way.

Complimentary Initial Consultation

Take advantage of our complimentary initial consultation. Discover how our experienced Greensburg criminal lawyer in Greensburg can make a difference in your case. Contact us online or call 844.PITT.DUI today.

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