Former Teacher In NJ Sentenced To Three Years For Insurance Fraud

Former teacher in NJ sentenced to three years for insurance fraud

A former teacher in New Jersey has been sentenced to three years imprisonment for defrauding his insurer out of thousands of dollars in disability payments.

New Jersey Attorney General Gurbir Grewal and the state’s Office of the Insurance Fraud Prosecutor (OIFP) announced that Major Smith has been sentenced to three years in state prison for a scheme to obtain $74,000 in disability payments by submitting dozens of forged documents to his insurance provider.

Read more: School bus company accused of forging insurance documents

Smith admitted to filing more than two dozen disability claims between February 2012 and October 2015 with American Family Life Assurance Company of Columbus (Aflac). The claims contained forms allegedly filled out by either Smith’s doctors or his employer in connection with injuries he allegedly sustained in several accidents.

“The sentence handed down to this defendant sends a message of deterrence to individuals tempted to file fraudulent insurance claims to illegally enrich themselves,” said Grewal. “Insurance fraud is not a path to easy money, it’s a path to prison which is exactly where this defendant is headed.”

“We’re calling on New Jersey residents to help stop insurance fraud by reporting those whose false claims drive up insurance costs for everyone,” said Tracy Thompson, acting insurance fraud prosecutor at the OIFP, “By blowing the whistle on criminals like this defendant, honest policy holders can help hold the line on their own insurance costs.”

RECENT NEWS

The Fundamentals Of Asset-Liability Management

Author: Ricardo Goulart                           ... Read more

Enhancing Shareholder Value Through Fiscal Responsibility

Author: Brett Hurll                            &nb... Read more

The Importance Of Life Insurance In Financial Planning

Life is unpredictable, underscoring the cardinal rule within the realm of finances, "expect the unexpected.” Life insu... Read more

How Insurance Companies Determine Premiums

Decoding the labyrinth of how insurance companies determine premiums isn't as daunting as it seems. Essentially, insuran... Read more

Different Types Of Insurance And Their Benefits

Engaging with the intricate world of finance presents an age-old certainty - "Different types of insurance and their ben... Read more

Machine Learning In Risk Assessment For B2B Loans

Risky business, and even riskier decisions – that's where machine learning in risk assessment for B2B loans finds a pl... Read more