Zalma on Insurance

The Car Collector and The Desire for an Antique Vehicle   https://zalma.com/blog Albert Reiche had a passion for old cars. Since the trust fund set up by  his maternal grandparents provided him income of $3,000,000 a year,  Albert never took a job.  He began to collect cars when he turned twenty-one in 1960. He started  with a 1924 Model A Ford. As the years passed, he pur...

Don’t Drive Off a Cliff, It May Not Be Covered   https://zalma.com/blog Jimmy wanted a new pickup truck in the worst way. He decided to  deliberately wreck his old car, make a claim against his insurance  policy and use the proceeds to buy a new F150.  Jimmy disclosed his plan to his best friend, Winifred. She agreed to  help — as a lookout for oncoming traffic —on the nig...

My Paintings Were Stolen   Lucky Ambrose was about to retire as a flight attendant with Italian  International Airlines. His retirement pay would allow him to live —  barely — in Barstow, California. On a layover in Rome, he found a means  to retire in comfort while browsing the Vatican Art Museum.  He purchased a disposable flash camera at the souvenir shop and started &n...

The Brothers Ben-Cohain   https://zalma.com/blog In 1990 Moshe Ben-Cohain and Menashe Ben-Cohain started a course of  conduct that led to their arrest for insurance fraud. They failed to  appear after posting bond and are, along with their co-conspirator, Raz  Rosenberg, fugitives.   The Ben-Cohain brothers, quite by accident, came upon an imaginative  fraud. The Los...

The Bookkeeper   https://zalma.com/blog The bookkeeper was a first generation Russian-American. He was born in  New York City six weeks after his parents were admitted into the United  States as Refugees, escaping the Soviet Russia after the end of the  Second World War. He was the first member of his family to graduate from  any school. He received a scholarship to Columb...

I Didn’t Know the Gun Was Loaded, A Lie to Get Insurance Benefits   Pre-Existing Condition Material to No Fault Claim  No fault insurance plans, like that in Michigan, provide benefits to an  injured person regardless of fault. All the state asks from the injured  party is that he or she is honest in the presentation of the claim.  Misrepresenting material facts in the pre...

https://zalma.com/blog  I’m Going into the Insurance Business   Most insurance companies are formed by major corporations with  considerable assets. They are capitalized with serious money needed by  the Insurer to cover losses until profits are made. The company is  staffed with insurance professionals who believe in the concept of  spreading risk. The insurers, whet...

Insurance Frauds Are Not Born, They Are Trained   https://zalma.com/blog Wee Willy never intended to be a criminal. His ambition in life, from  age three, was to be a meat cutter like his dad. Willy cruised through  high school with a solid “C” average. He knew that as a meat cutter he  only needed a steady hand. Literature and mathematics held no interest  for him.  ...

High-Tech Fraud  Dennis loved computers. He spoke their language fluently. He could  converse as easily in Windows, Basic, COBOL, FORTRAN, machine language,  UNIX and Linux as English. Basic and DOS were child’s play to Dennis.  Computers were his life. Whenever Intel marketed a new chip, Dennis was  first in line to buy faster and more complex computers for his personal &...

Medicaid Paid Benefits to the Dead: Incompetence or Fraud?   INDIANA   The state of Indiana paid some $1.1 million in Medicaid-related payments  in  2016 and 2017 to managed-care organizations (MCO) on behalf of  beneficiaries who were dead, according to federal auditors reported by  the United States Department of Justice.  The audit, carried out by the Departme...

Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud.   People who commit insurance fraud as a profession do so because it is  easy. It requires no capital investment. The risk is low and the profits  are high.  The ease with which large amounts of money can be made from i...

The Story That Wrote Itself Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud.  On February 27, 1995 the District Attorney filed the following In the  Superior Court of the State of California for the County of San Diego  that writes this chapter for me. The District Attorne...

Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud.  People who commit insurance fraud as a profession do so because it is  easy. It requires no capital investment. The risk is low and the profits  are high. People who commit insurance fraud as a profession do so because it i...

I Did It   https://zalma.com/blogs  Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud.  Arson for Profit Admitted  One of my investigators met with the property manager of an Insured to  start the investigation of a fire claim believed to be arson. Since he  w...

Louie the Switch  Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud. Louie made his living buying and selling used cars in Salt Lake  City. He would attend a dealer’s auction and buy a slightly damaged  vehicle, take it to a shop, clean it up, paint it and sell it to  d...

The Contractor   Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud.   The Failing Fire Reconstruction Contractor  Fire reconstruction is a competitive trade. Work, rebuilding burned out  businesses, commercial structures and homes requires specialized skill.  Obtai...

Liar, Liar, Pants on Fire Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud. If Louie has been born fifty years earlier, he would be called a gigolo.  Louie was a classically handsome man. He stood 6’2” tall, combed his  black hair straight back in a style that would do a Madison...

The Temptation of Fraud   Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud. This Video Blog of True Crime Stories of Insurance Fraud with the  names and places changed to protect the guilty are all based upon  investigations conducted by me and fictionalized to create a lea...

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The Phantom Rolls Royce  https://zalma.com/blog  Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud.  The Auto Theft Fraud  In many states, before a car can be insured, the agent must photograph  the car and its vehicle identification number. This regulation is an &...

The Golden Tooth   https://zalma.com/blog Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud.  A broken tooth is a tragedy to most people. To the waitress a broken  tooth was the beginning of a career.  For fifteen years she waited tables in restaurants varying from smal...

Shoes on Melrose https://zalma.com/blog Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud. This Video Blog of True Crime Stories of Insurance Fraud with the  names and places changed to protect the guilty are all based upon  investigations conducted by me and fictionalized to cre...

Murder of Homeless Man Pays Fraudsters   https://zalma.com/blog Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud. This Video Blog of True Crime Stories of Insurance Fraud with the  names and places changed to protect the guilty are all based upon  investigations conducted b...

The Magic Wall   https://zalma.com/blog Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud. This Video Blog of True Crime Stories of Insurance Fraud with the  names and places changed to protect the guilty are all based upon  investigations conducted by me and fictionalized t...

True Crime of Insurance Fraud Number 37   https://zalma.com/blog Barry Zalma, Esq., CFE presents videos so you can learn how insurance  fraud is perpetrated and what is necessary to deter or defeat insurance  fraud. This Video Blog of True Crime Stories of Insurance Fraud with the  names and places changed to protect the guilty are all based upon  investigations conducted...