True Crime of Insurance Fraud Video Number 58

0
3K

The Bookkeeper's Attempt at Fraud Fails

Read the full article at https://lnkd.in/gGFs-Xxr and see the full video at https://lnkd.in/gBrm-vn5 and at https://lnkd.in/ghwdqjMQ and at https://zalma.com/blog plus more than 4150 posts.

The bookkeeper was a first generation Russian-American. He was born in New York City six weeks after his parents were admitted into the United States as Refugees, escaping the Soviet Russia after the end of the Second World War. He was the first member of his family to graduate from any school. He received a scholarship to Columbia University where he obtained his bachelor of arts degree in business administration. He also spoke fluent Russian since his parents were more comfortable speaking their native language at home.

From the late 1950’s until the early 1970’s a great number of Soviet Russian immigrants were allowed into the United States as refugees. A large Russian community established itself in the Fairfax District of Los Angeles and in Glendale, California.

The bookkeeper, because of his ability to speak the language, began doing the books and tax returns in his spare time for Russian immigrants. Word of mouth spread throughout the Russian speaking community and soon his spare time job was taking more time than his real job. He sat up a bookkeeping service in a storefront and became the bookkeeper to the Russian community.

He tried a claim of his own. This time, much to the Bookkeeper’s surprise, the insurer investigated.

The Bookkeeper is serving a five year term and the burned out shell of his dream home was sold by his mortgagee, after foreclosure, for the value of the land.

The Bookkeeper should have done what he was good at doing, keeping the books for criminals. But for greed, the bookkeeper would still be helping others commit fraud at no risk to himself. His error was to try to be as criminal as his clients.

ZALMA OPINION

Although the Bookkeeper was effective at helping his criminal clients succeed he was not a dedicated criminal and that is why his attempt at fraud failed. Insurance fraud requires skill, unmitigated gall, and the ability to lie effectively. He had the skill and the gall but was not an effective liar. Fraud failed.

(c) 2022 Barry Zalma & ClaimSchool, Inc.

Barry Zalma, Esq., CFE, is available at http://www.zalma.com and [email protected].

Subscribe to Zalma on Insurance at locals.com https://lnkd.in/gn5WAi6C.

Subscribe to Excellence in Claims Handling at https://lnkd.in/gNm9EWKJ.

Follow Mr. Zalma on Twitter at https://twitter.com/bzalma; Go to Barry Zalma videos at Rumble.com at https://lnkd.in/gV9QJYH; Go to the Insurance Claims Library – https://lnkd.in/gKCTg53

Sponsored

We are 100% funded for October.

Thanks to everyone who helped out. 🥰

Xephula monthly operating expenses for 2024 - Server: $143/month - Backup Software: $6/month - Object Storage: $6/month - SMTP Service: $10/month - Stripe Processing Fees: ~$10/month - Total: $175/month

Xephula Funding Meter

Please Donate Here

Search
Categories
Read More
True Crime
True Crime of Insurance Fraud Video Number 80
What a Great Country! Read the full article at https://lnkd.in/gx88hgcq and see the full video at...
By Barry Zalma 2022-05-25 16:25:48 0 4K
Other
FAKE APPLICATIONS COSTS AGENT HIS LICENSE
FAKE APPLICATIONS COSTS AGENT HIS LICENSE Read the full article at https://lnkd.in/gWaRhXMa and...
By Barry Zalma 2024-01-26 14:00:12 0 3K
Other
A Video Explaining the Actions of Coverage Lawyer After an EUO
The Need for the Advice of the Coverage Lawyer Who Takes the EUO Read the whole article at...
By Barry Zalma 2020-11-20 14:03:40 0 5K
Other
#insurance, #claims, #insurance claims, #contract, #policy, #contract interpretation, #policy interpretation, #insurance coverage, #insurance books, #amazon.com,
A Video Explaining the Interpretation of Insurance Contracts Read the full article at...
By Barry Zalma 2021-10-13 13:21:59 0 9K