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Monday, February 10, 2014

Criminal Justice Quote: Home Insurance Fraud Ring in South Florida

     Nearly two dozen people have been arrested in February 2014 after the state went after a major home insurance fraud ring operating in South Florida….Twenty-two people were charged in Operation Flames and Floods….The group set fires and created floods in a number of homes in the Miami area over the past seven years and made millions by filing fraudulent claims.

     The alleged ring leader of the group, Jorge Fausto Espinosa Sr., a public adjuster, reportedly received 20 to 30 percent of each fraudulent claim. Espinosa and his wife are facing up to 30 years in prison if convicted. Prosecutors said the ring included crooked contractors who recruited greedy homeowners to make the fraudulent claims….

"Arrests Made in Home Insurance Fraud Ring," CBS News, February 4, 2014  

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