True Crime of Insurance Fraud Video Number 59

0
3Кб

The Brothers Ben-Cohain

Read the full article at https://lnkd.in/gCenHGJp and see the full video at https://lnkd.in/gpWjZVwn and at https://lnkd.in/g43D34-f and at https://zalma.com/blog plus more than 4150 posts.

The Ben-Cohain brothers, quite by accident, came upon an imaginative fraud. The Los Angeles County District Attorney, after a lengthy investigation, charged them with violation of Penal Code § 550, insurance fraud, among others related crimes.

The Ben-Cohain brothers operated a small furniture assembly facility in Los Angeles County. They imported knocked-down children’s furniture (made of composition wood and Formica laminates) from Israel. They hoped to sell it to wealthy people in Beverly Hills and West Los Angeles who wished to support the State of Israel. The quality of the merchandise, however, was not high and the Ben-Cohain brothers had difficulty making a profit.

Shortly thereafter they called the insurer and a claim was presented for $1,000,000. The insurer, unsuspecting, retained salvors to inventory the damaged furniture and determine if any had a value in salvage. While the salvors were doing their work, one laborer came up to him and whispered:

“Senior, no es accidente!”

Besides million dollar frauds, like that attempted by the Ben-Cohain brothers, effort must be made to bring to justice those fraudsters who avoid attention by committing insurance fraud for small amounts of money repeatedly.

The bail bondsman travelled to Israel to collect the $150,000 his company was required to pay when they defaulted and escaped to Israel. He found them only to have his demand for money met with two UZI machine guns threatening his life. Applying good common sense the bail bondsman returned to California and wrote off the debt on his tax return.

ZALMA OPINION

Insurance fraud is often successful because an insurer makes it too easy to collect whatever the insured asks for on a legitimate insurance claim only to tempt, as the Ben Cohain brothers were tempted to go forward with a fraudulent claims for one million.

(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.

Go to Barry Zalma videos at Rumble.com at https://lnkd.in/gV9QJYH; Go to Barry Zalma on YouTube- https://lnkd.in/g2hGv88; Go to the Insurance Claims Library – https://lnkd.in/gKCTg53

Спонсоры

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

Поиск
Категории
Больше
Другое
It is not Defense to Claim Fraud was Obvious
GEICO Proactively Fights Fraud by Suing Providers for Damages Read the full article at...
От Barry Zalma 2021-12-03 13:32:22 0 3Кб
Non-Fiction
How to Read, Understand and Interpret an Insurance Policy
How to Read, Understand, and Interpret an Insurance Policy Read the full article at...
От Barry Zalma 2023-01-03 13:45:42 0 4Кб
Другое
Insurance Expert May not Testify About Causation or the Law
An Expert Witness May Not Testify Outside his Field of ExpertiseRead the full article at...
От Barry Zalma 2021-11-11 13:31:27 0 4Кб
Health
Why should we allow the Empire/Oligarchy to wreak economic hell on us?
Given this information: "According to the Center for Disease Control in the United States,...
От Scarecrow III 2021-01-20 17:28:57 0 4Кб