The FBI as Insurance Agents?

Oh yes, the FBI can wear many hats, including the one of an insurance agent, and do it very well. According to an article at www.businessinsurance.com, the FBI set up "a sting that involved setting up a bogus insurance brokerage" and they "arrested 11 public officials across New Jersey plus another official’s top staffer for allegedly taking cash bribes to influence how public entities awarded contracts. The investigation began in mid-2006 when the FBI developed evidence of corruption within the Pleasantville School District. When the undercover agents approached school officials, the officials allegedly accepted bribes and then referred the agents to other public officials in the state, who accepted bribes and directed the agents to additional public officials, according to Mr. Christie’s statement."

As you can see, insurance fraud can come in many packages and it costs us all. So, what do you do if you suspect insurance fraud? Contact your state insurance commissioner immediately. Your report will be held confidential and you will be doing a great service to us all.