counter fraud for insurance

Successfully identified a fraud ring operation arising out of motor trade policies. Including fictitious / staged accidents and multiple parties orchestrated in significant value claims and peripheral alleged financial losses in the credit hire and vehicle loss and damage claims. Our fraud intelligence and background investigations defined a fraud strategy which following litigation in all cases, closed down the fraud operation and businesses concerned.

Successfully uncovered the ringleader and main protagonist in a fraud ring, involving fictitious Eastern European fake ID’s in taking out insurance policies in staged motor accidents. We identified links to all parties leading to fraud defences and referral to IFED police department at the City of London Police. We worked across industry with brokers and insurers, and their legal representative and through IFIG and IFB.

Uncovered a ghost broking insurance scam facilitated by internet policies for bogus individuals or untraceable non UK based EU citizens. Liaising with our client and with IFB to uncover 78 motor policies written out of an address in London – all of which related to bogus individuals using fake ID and/or non-related banking details. The majority of policies voided and claims avoided.