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Monday, 15 July 2013 19:09

Florida Rewards for Tips That Led to Uncovering $3.7M in Insurance Fraud

Rewards totaling $35,000 were given to four Floridians who provided key information that led to arrests and convictions in several major insurance fraud cases, according to an announcement by Florida Chief Financial Officer Jeff Atwater.

The tipsters helped uncover almost $3.7 million in fraudulent financial activity leading to 17 convictions.

Rewards included:

  • $20,000 to a Ft. Myers individual whose assistance led to the conviction of 12 individuals in a personal injury protection (PIP) fraud ring and the closure of 12 unlicensed accident clinics with $3 million in potential insurance fraud losses.
  • $10,000 to a St. Petersburg individual whose assistance led to the conviction of an annuity scammer who defrauded nine elderly victims out of more than $580,000.
  • $5,000 divided between two Tampa individuals whose assistance led to the conviction of four PIP fraudsters and the closing of a PIP accident clinic.

These cases were investigated by the Division of Insurance Fraud, the law enforcement arm of the Department of Financial Services responsible for investigating all insurance fraud in Florida.  The department has awarded more than $340,000 to approximately 50 citizens as part of its Anti-Fraud Reward Program. The program rewards individuals up to $25,000 for information that directly leads to an arrest and conviction in an insurance fraud scheme.

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