Insurance Fraud

Insurance fraud is a deliberate act designed to unlawfully gain benefits from insurance procedures. It happens both when a claimant seeks payouts they are not entitled to and when an insurer deliberately denies legitimate claims. Common types of schemes include workers’ compensation fraud, fee churning, asset diversion, and premium diversion. If you are facing accusations of any of these offenses, a criminal lawyer can provide essential legal assistance.

Broad Categorization

Insurance fraud can generally be split into two categories, hard fraud andsoft fraud.

Hard Fraud

Hard fraud involves intentional and calculated acts such as staging accidents, arson, theft, injuries, or other losses to fraudulently collect money from an insurance company.

Soft Fraud

Soft fraud often involves small deceptions by otherwise honest individuals. For example, exaggerating damage or inflating the value of claims. While these acts may seem harmless, soft fraud is still illegal and contributes to increasing insurance premiums for everyone.

It’s crucial to understand the severity of collecting insurance money you’re not entitled to. Insurance companies aggressively investigate and prosecute fraudulent claims, with many cases resulting in federal charges. If you find yourself in such a situation, securing immediate guidance from a New Castle DUI attorney is critical to protecting your rights and navigating the legal system effectively.

What is Federal Insurance Fraud?

Federal insurance fraud encompasses intentional acts aimed at misleading insurers for financial gain. Although there is no single statute specifically addressing insurance fraud, prosecutors in New Castleoften pursue such cases under laws like the RICO (Racketeer Influenced and Corrupt Organizations) Act, as well as wire and mail fraud statutes.

Engaging in insurance fraud may include the following actions:

• Providing intentionally false or misleading information to an insurer regarding a claim.
• Submitting falsified documents to manipulate motor vehicle insurance rates or actions.
• Assisting or conspiring with others to deceive insurance companies.
• Using another person’s insurance identification card to file false claims.
• Employing third parties to commit fraudulent activities against an insurer.

For instance, falsely claiming valuable items were lost during a fallen tree incident can lead to serious insurance fraud charges and possible convictions.

The Federal Bureau of Investigation (FBI) actively investigates various forms of insurance fraud, including:

• Asset Diversion: Stealing assets during mergers or acquisitions of insurance companies.
• Fee Churning: Collecting exorbitant commissions through reinsurance agreements.
• Premium Diversion: Misappropriating insurance premium payments.
• Disaster Relief Fraud: Filing inflated or fabricated claims following natural disasters like hurricanes.

Beyond criminal charges, individuals accused of insurance fraud may also face civil lawsuits initiated by the insurance company.

So, if you have been charged with any of the above actions, stop waiting and consult a New Castle DUI attorney right away.

Typical classifications for insurance fraud charges are third-degree felonies, which carry hefty fines and lengthy prison terms upon conviction.

Ways a New Castle Insurance Fraud Attorney Can Help

Facing insurance fraud charges can be intimidating, especially with determined federal prosecutors and strict legal frameworks working against you. However, at Logue Law Group, our team of experienced New Castle criminal lawyers is prepared to advocate for you tirelessly. We aim to ensure you fully understand your legal options and achieve the most favorable outcome for your case.

Here’s how we will help you:

• Comprehensive Representation: From explaining your rights to formulating a strong defense, we will ensure your interests are protected at every stage.
• Fighting for Your Rights: We work aggressively to uphold your rights under consumer protection laws while pursuing potential avenues for recovery if you’ve suffered financial losses.
• Guidance Throughout the Process: Whether you or a loved one faces charges, our dedicated attorneys will provide clarity and support from your initial consultation to the case resolution.

Insurance fraud cases carry significant financial, legal, and personal ramifications. Don’t face these challenges alone. A trusted New Castle DUI attorney from our group will be there to guide you through every step of the legal process.

Take the First Step Today

Navigating an insurance fraud charge can be overwhelming, but you don’t have to tackle it on your own. At Logue Law Group, we offer free initial consultations to discuss your case and how we can help.

Connect with an experienced New Castle criminal lawyer who can make a difference in your defense. Contact us online or give us a call at 844.PITT.DUI today.