Goldberg Dowell and Associates

Speak to a trial-tested attorney today. Call us. 216-592-8719

  • Home
  • Our Firm
  • Attorneys
    • Michael J. Goldberg, Esq.
    • John J. Dowell, Esq.
    • Adam J. Parker
  • Practice Areas
    • Criminal Defense
    • State and Federal Drug Crimes
    • White Collar Crimes
  • FAQ
  • Blog
  • Contact
Goldberg Dowell and Associates
  • Home
  • Our Firm
  • Attorneys
    • Michael J. Goldberg, Esq.
    • John J. Dowell, Esq.
    • Adam J. Parker
  • Practice Areas
    • Criminal Defense
    • State and Federal Drug Crimes
    • White Collar Crimes
  • FAQ
  • Blog
  • Contact
Email

CALL

We Get Results Because We Prepare for Trial

The attorneys of Goldberg Dowell and Associates
  1. Home
  2.  » 
  3. Financial Crimes
  4.  » 
  5. Understanding the ins and outs of insurance fraud

Understanding the ins and outs of insurance fraud

On Behalf of The Goldberg Law Firm | Feb 26, 2016 | Financial Crimes, Fraud, White Collar Crimes |

Insurance fraud remains a major problem throughout the United States, with many individuals and companies partaking in this illegal activity every year. In short, insurance fraud is any act performed with the objective of obtaining improper payment from an insurance company.

Anybody can be charged with insurance fraud. It doesn’t matter where you live, how much money you earn or your profession, there is a chance that you could get caught up in this type of scheme.

Did you know that the annual value of insurance fraud is approximately $80 billion? With this in mind, it is easy to see why the authorities are so caught up in cracking down on this type of crime.

There are two general types of insurance fraud: soft fraud and hard fraud.

Soft insurance fraud is typically associated with relatively honest people who tell small lies to their insurance company in an attempt to maximize a claim. These people may not think they are doing something wrong, but it’s a crime nonetheless.

Hard insurance fraud is a deliberate attempt to fake an accident or any type of loss in an attempt to illegally collect compensation. Sometimes a person acts alone. Sometimes a group of people conspire to commit this type of crime.

It’s important to understand the ins and outs of insurance fraud, as you don’t want to find yourself charged with this type of crime. Due to the fact that it costs the country so much money, there are times when a person is charged with this crime when they are innocent.

Source: FindLaw, “Insurance Fraud,” accessed Feb. 26, 2016

Recent Posts

  • 5 ways a shell company can trigger embezzlement allegations
  • How does the federal pretrial detention process work?
  • Tax evasion in Ohio: What taxpayers should know
  • Can documentation problems lead to insurance fraud allegations?
  • 5 things to know about federal elder fraud charges

Categories

  • Criminal Defense (41)
  • Drug Charges (99)
  • Embezzlement (13)
  • Felonies (96)
  • Financial Crimes (13)
  • Fraud (42)
  • Internet Crimes (55)
  • Mortgage Fraud (9)
  • OVI Charges (16)
  • Ponzi Schemes (6)
  • Tax Fraud & Evasion (15)
  • White Collar Crimes (66)

Archives

RSS Feed

Subscribe To This Blog’s Feed

Contact The Firm

Goldberg Dowell and Associates


323 Lakeside Ave. West
Suite 450
Cleveland, OH 44113

Cleveland Office
Goldberg Dowell and Associates


Phone: 216-592-8719

Fax: 216-781-6242

  • Follow
  • Follow
Review Us

© 2026 Goldberg Dowell & Associates, LLC • All Rights Reserved

Disclaimer | Site Map | Privacy Policy | Business Development Solutions by FindLaw

Review Us