Tuesday, August 18, 2009

Vehicle insurance fraud

In Canada authorities have disrupted a scheme by an organized gang to defraud Manitoba Public Insurance Corporation, by rolling back the odometers of recently purchased out-of-province vehicles, staging phoney collisions and/or reporting the vehicles as stolen. Tim Arnason of MPIC's special investigations unit said the scam began almost immediately after the vehicles were brought into the province.
CBC
The fraudulent claims total more than $800,000 and Arnason says, "It was not uncommon for a vehicle to be purchased in, let's say October, brought here very quickly. Safetied very quickly. Flipped around on paper sales very quickly, and it's involved with a loss within weeks, sometimes days."

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