A Miami insurance agent was arrested for the second time in less than a month for stealing more than $14 million by submitting thousands of fraudulent premium finance contracts for fictitious policyholders, according to state officials.
Florida CFO Alex Sink said that her Division of Insurance Fraud (DIF) arrested Jose V. Peris, 52, of Miami, the owner and president of Insurance Force Corp., d/b/a FED USA Insurance Agency.
Officials allege that Peris submitted more thn 3,800 bogus premium finance contracts to numerous premium finance companies. Currently, they said, more than $7 million remains unrecovered and Peris is facing multiple counts of first degree organized scheme to defraud.
I just wrote a article about Medicare fraud and this ties considerably to my article. This is becoming a epidemic where criminals are completely taking advantage of a desperate situation.-
ReplyDeleteMichael Rivezzo
This is one of the main reasons our economy tanked.
ReplyDeleteJameel
I agree. I found out about this guy last week and its just terrible how people with financial responsibility get greedy and cause further turmoil in an already panic-ridden society.
ReplyDelete--Lisa Matthys
I think there are many people who do the same thing in real world. As economy goes bad, this kind fraud will be increased.
ReplyDeleteby Minjune Kim