On Friday, May 25, 2012, Oscar Luis Franco Padro of Florida was sentenced to five and half years in prison and ordered to pay $4.35 million in restitution for a PIP fraud scheme involving staged auto accidents. Padro managed several clinics that recruited patients to perpetrate fraud. ...Read the rest

In a report out last week, the Insurance Information Institute estimates that about 10% of all property and casualty industry losses are due to fraud. Auto accident fraud could be anything from a person faking an injury after a car accident to organized crime rings ...Read the rest