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CFO Jeff Atwater Announces Arrest of Weston Man Accused of Defrauding More Than 270 Floridians

3/19/2014

Contact: Chris Cate
(850) 413 – 2842
 
TALLAHASSEE – Chief Financial Officer Jeff Atwater today announced the arrest of David Glincher, 47, of Weston on charges of theft, white collar crime and fraud for allegedly filing car insurance claims on behalf of consumers who were either unaware of the filings or never received claim payouts. The Department of Financial Services’ Division of Insurance Fraud worked alongside the Broward County State Attorney to reveal an elaborate scheme targeting more than 270 victims.
 
“I am proud of our investigators’ work to stop this fraudster from taking advantage of any more Floridians,” said CFO Atwater.
Insurance fraud drives up costs for all Floridians, and we will not allow it to continue.”
 
Glincher allegedly sent letters to victims of traffic accidents and encouraged them to file claims through his company, Auto Loss Claims Consultants, LLC (ALCC). Regardless of whether the victim completed the claim form or discarded it, claims were still filed and funds were paid to ALCC by various insurance companies without the knowledge of the victims.
 
The magnitude of this crime allowed Glincher to be charged with Aggravated White Collar Crime – a seldom used first-degree felony.  A review of bank records, along with victim interviews, determined the total theft to be nearly $300,000.
 
Glincher was booked into the Broward County Jail and bond was set at $29,500. If convicted, he faces up to 30 years in prison.
 
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Chief Financial Officer 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.