Volume 1 Number 24
June 14, 2004











TEXT-ONLY VERSION


TWO MIAMI INSURANCE AGENTS FACING FRAUD, THEFT CHARGES

Two insurance agents are facing charges of insurance fraud and grand theft for allegedly collecting more than $25,000 by padding legitimate automobile accident claims with fictitious victims.

Harold Rasco, 29, of Hialeah, was arrested this morning at his 5362 W. 20th Ct. home, and Abel Henriquez, 27, of Miramar, has agreed to surrender on the charges later today.  Rasco is charged with two counts of insurance fraud and one count of grand theft, while Henriquez faces six counts on each charge.  The Department of Financial Services’ Division of Insurance Fraud, began an investigation after receiving information about the alleged scheme from U.S. Security Insurance Company’s Special Investigations Unit. 

“The potential loss was much bigger, and I am grateful to U.S. Security for uncovering this so quickly,” said Florida’s Chief Financial Officer Tom Gallagher, who also oversees the Department of Financial Services.  “Insurance fraud costs us all and wreaks havoc with Florida’s economy.” 

Investigators found that Rasco and Henriquez added not only fictitious passengers but also fictitious doctors to legitimate accident claims, had checks issued based on the fraudulent claims and deposited the illicit proceeds into a fictitious bank account.  Rasco and Henriquez’s alleged scheme have resulted in a total loss, to date, exceeding $25,700.  

The Department of Financial Services, Division of Insurance Fraud, investigates various forms of fraud in insurance, including health, life, auto, property and workers’ compensation insurance.  Anyone with information about this case or another possible fraud scheme should call the department’s Fraud Hotline at 1-800-378-0445.  A reward of up to $25,000 may be offered for information leading to an arrest and conviction.