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CFO Atwater Announces Six Arrests in Insurance Fraud Case Involving Tallahassee Towing Company

5/2/2014

Contact: Chris Cate
(850) 413- 2842
 
TALLAHASSEE – Chief Financial Officer Jeff Atwater today announced that six employees of a Tallahassee towing company have been arrested for filing fraudulent insurance claims. The Department of Financial Services’ Division of Insurance Fraud and the Leon County Sheriff’s Office, in a joint investigation, discovered that Auto Doctor Towing Company employees filed fraudulent claims to eight insurance companies.
 
“I am proud of our investigators and the Leon County Sheriff’s Office for working together to shut down this illegal operation that’s responsible for defrauding insurance companies and consumers out of thousands of dollars,” said CFO Atwater.
“Insurance fraud not only hurts businesses, it takes money from all Floridians through higher insurance costs.”
 
The investigation revealed that the company’s manager, Anthony Ragsdale, established a scheme to enrich himself by double charging for his company’s services. Despite already being covered by AAA, Ragsdale’s customers were instructed to bill AAA and their automobile insurance company for towing and mileage charges. As a result of this deceptive practice, the towing company was paid twice for their services.
 
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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 state spending.