A Virginia claim adjuster thought she could scam her way out of a small fortune. The state police proved her wrong.

According to the Virginia State Police Insurance Fraud Program, Tracy Parrish, a casualty claim adjuster, embezzled more than $21,000 from her employer. Over seven months, she issued 52 fraudulent checks from her employer to 44 different recipients. The checks were issued in amounts slightly under or equal to Parrish's check-writing authority limit of $500. The investigation proved that most of the checks were made out to actual claimants; however, Parrish kept the checks, forged the claimants' and her husband's signatures, and deposited them into her husband's checking account.

On top of that, 17 checks — which also were deposited — were made payable to Parrish, her family members, or variations of their names. Because she handled all of the family banking, her husband was not aware of the scheme. She was recently sentenced on six felony charges and ordered to make full restitution to her former employer. Parrish also received a 10-year sentence, suspended for 20 years with good behavior, for her embezzlement charge.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.