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CFO Jeff Atwater’s Anti-Fraud Reward Program Awards Four Individuals for Tips That Led to Uncovering $3.7 Million in Insurance Fraud

6/27/2013

Contact: Anna Alexopoulos
(850) 413-2842
 
TALLAHASSEE – Florida Chief Financial Officer Jeff Atwater today announced $35,000 in rewards for four Floridians who provided key information that led to arrests and convictions in several major insurance fraud cases.  These citizens helped uncover almost $3.7 million in fraudulent financial activity leading to 17 convictions. 
 
“I applaud these citizens for their courage and honor in reporting suspected insurance fraud and protecting fellow Floridians from this costly crime,” CFO Atwater said. “Without the assistance of these concerned citizens, these fraudsters would still be on the streets today.”
 
Rewards issued include:

• $20,000 to a Ft. Myers individual whose assistance led to the conviction of 12 individuals in a personal injury protection (PIP) fraud ring and the closure of 12 unlicensed accident clinics with $3 million in potential insurance fraud losses.
• $10,000 to a St. Petersburg individual whose assistance led to the conviction of an annuity scammer who defrauded nine elderly victims out of more than $580,000. 
• $5,000 divided between two Tampa individuals whose assistance led to the conviction of four PIP fraudsters and the closing of a PIP accident clinic. 

These cases were investigated by the Division of Insurance Fraud, the law enforcement arm of the Department of Financial Services responsible for investigating all insurance fraud in Florida.  Anyone with information about these or any other incidents of suspected insurance fraud is asked to call 800-378-0445. Citizens who provide tips can remain anonymous. 
 
The Department of Financial Services to date has awarded more than $340,000 to approximately 50 citizens as part of its Anti-Fraud Reward Program.  The program rewards individuals up to $25,000 for information that directly leads to an arrest and conviction in an insurance fraud scheme.
 
Chief Financial Officer and State Fire Marshal Jeff Atwater, a statewide elected official, oversees the Department of Financial Services.  CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government; reducing government spending and regulatory burdens that chase away businesses; and providing transparency and accountability in spending.