The Hawaiian

Read the full article at https://www.linkedin.com/pulse/true-crime-stories-insurance-fraud-number-13-barry-zalma-esq-cfe and see the full video at https://rumble.com/vu299e-true-crime-stories-of-insurance... and https://youtu.be/K9v-yi8AvNU and https://youtu.be/RsFqMa4vJYQ and at https://zalma.com/blog plus more than 4050 posts.

Barry Zalma, Esq., CFE presents videos so you can learn how insurance fraud is perpetrated and what is necessary to deter or defeat insurance fraud. This Video Blog of True Crime Stories of Insurance Fraud with the names and places changed to protect the guilty are all based upon investigations conducted by me and fictionalized to create a learning environment for claims personnel, SIU investigators, insurers, police, and lawyers better understand insurance fraud and weapons that can be used to deter or defeat a fraudulent insurance claim.

How a Fake Jewlery Theft Was Defeated

The insured was a contractor in Honolulu. He made an excellent living cheating his customers. The insured’s most lucrative scheme was an electronic vermin killer. It consisted of a long wire and a transformer. The contractor strung the wire around a house and plugged it in a wall. The device, charged with low voltage from the transformer, allegedly repelled vermin. The insured guaranteed that all roaches, flying insects and rodents could not pass the charge in the wire.

When it didn’t work and a customer called to complain the insured would ignore the complaints.

After gaining the confidence of the insured’s secretary, he confronted the secretary with the result of his investigation. He told her he knew that the appraisals were not done by the jeweler. He showed her where he had discovered that the typewriter used to type the description of the items of jewelry was different from the typewriter used to type the name of the appraiser. He told her that he liked her and would be very sorry if she was involved in aiding her boss in committing a crime.

She began to cry. When he calmed her down, she confessed that she had typed in all of the descriptions and the values of the jewelry. H

The claim was denied & the insured was eventually convicted of fraud.

© 2022 – Barry Zalma

Barry Zalma, Esq., CFE, now limits his practice to service as an insurance consultant specializing in insurance coverage, insurance claims handling, insurance bad faith and insurance fraud almost equally for insurers and policyholders.

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You can contact Mr. Zalma at https://www.zalma.com, https://www.claimschool.com, [email protected] and [email protected] . Mr. Zalma is the first recipient of the first annual Claims Magazine/ACE Legend Award.