See the full video at https://rumble.com/v11pdpy-true-crime-of-insurance-fraud-video-number-59.html and at https://youtu.be/vTou_5YFIGM
In 1990, Moshe Ben-Cohain and Menashe Ben-Cohain began a behavior that led to their arrest for insurance fraud. They failed to show up after bailing out and are, along with their co-conspirator, Raz Rosenberg, on the run.
The Ben-Cohain brothers, by chance, stumbled upon an imaginary fraud. The Los Angeles County District Attorney, after a lengthy investigation, accused them of violating Section 550 of the Penal Code, insurance fraud, including related crimes.
The Ben-Cohain brothers operated a small furniture assembly plant in Los Angeles County. They imported knocked down children’s furniture (made of composite wood and Formica laminate) from Israel. They hoped to sell it to wealthy people in Beverly Hills and West Los Angeles who wanted to support the state of Israel. However, the quality of the goods was not high and the Ben-Cohain brothers had a hard time making a profit.
In 2019, the rain came to Southern California and a skylight in their industrial building leaked some water on a small amount of their composite table furniture. They called their insurance agent, filed a claim and with invoices for most of the goods they presented and received $ 75,000 for their actual water damage.
Shortly afterwards, they called the insurance company and a claim of $ 1,000,000 was made. The insurer, unsuspectingly, kept salvors to take stock of the damaged furniture and determine if anyone had any value in the salvage. While the rescuers were doing their work, a worker approached him and whispered:
“Senior, no accident!”
Although the rescuer did not speak Spanish, he understood what was being said to him.
The fraud investigator, Martin Sandiego of the Department of Insurance’s fraud department, initiated the criminal investigation, which resulted in a presentation of the case to the Los Angeles County District Attorney’s Office. After considerable work by American Indemnity, its agents, and nearly a year of detailed investigation by the Fraud Department, the Los Angeles County District Attorney filed seven cases of crime against each brother for insurance fraud and aggravated theft.
They both arrested their brother Ben-Cohain while parking illegally near a nightclub on Sunset Boulevard in West Hollywood. After spending a weekend in the county jail, the brothers were released on $ 75,000 in cash. They left the city and confiscated the bail.
In addition to millions of dollars in fraud, as the Ben-Cohain brothers tried to do, efforts must be made to stop the fraudsters who avoid paying attention by repeatedly committing insurance fraud for small sums.
The guarantor traveled to Israel to collect the $ 150,000 that his company had to pay when they failed and fled to Israel. He found them only because his demand for money was met with two UZI machine guns that threatened his life. By applying common sense, the guarantor returned to California and wrote off the debt on his tax return.
Insurance fraud is often successful because an insurer makes it too easy to collect everything the insured asks for on a legitimate insurance claim just to tempt, because the Ben Cohain brothers were tempted to go ahead with a fraudulent claim of one million.
(c) 2022 Barry Zalma & ClaimSchool, Inc.
Barry Zalma, Esq., CFE, now limits his internship to the position of insurance consultant specializing in insurance coverage, insurance claims handling, insurance bad faith and insurance fraud almost equally for insurers and policyholders. He practiced law in California for more than 44 years as a lawyer for insurance coverage and claims management and more than 54 years in the insurance industry. He is available at http://www.zalma.com and email@example.com.
Subscribe to Zalma on Insurance at locals.com https://zalmaoninsurance.local.com/subscribe.
Subscribe to Excellence in Claims Handling at https://barryzalma.substack.com/welcome.
Write to Mr Zalma at firstname.lastname@example.org; http://www.zalma.com; http://zalma.com/blog; daily articles are published at https://zalma.substack.com. Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Zalma on Twitter at https://twitter.com/bzalma; Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the Insurance Claims Library – https://zalma.com/blog/insurance-claims-library/