Tuesday, February 06, 2007

Suspect sought in fraud ring

newsobserver.com | Suspect sought in fraud ring: "State insurance investigators were searching Wednesday for a Rockingham man wanted as the fifth suspect in an insurance fraud ring that bilked $85,000 from six companies over the past decade.

Al Sylvester Smith, 41, faces 22 felony counts of insurance fraud, obtaining property by false pretense and attempting to obtain property by false pretense, investigators said.

Smith and four Anson County residents arrested Tuesday night are suspected of altering police traffic accident reports and hospital bills to file 200 inflated insurance claims in 10 years, said Chet Effler, an investigator in state Insurance Commissioner Jim Long's office.

Three suspects were arrested at the Wal-Mart in Wadesboro during a meeting with an insurance agent staged by investigators. A fourth suspect was arrested at his home."

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