This case study focuses on a real estate developer who acquired numerous shopping centers throughout the Western United States. Shortly following each acquisition, the developer filed insurance claims citing various 'natural disaster' damage such as rain, wind, hail, etc. An investigation of these claims revealed a pattern of various apparent schemes including insurance fraud, tax fraud, bank fraud, etc.
Attendees will learn:
A critical analysis of banking and tax related documents identified the apparent fraud
There are often multiple fraud schemes perpetrated simultaneously
Focus needs to be on the best and clearest evidence and don't get distracted on less important tangent issues