“Owner give-ups” is a phrase claim adjusters and investigators have been familiar with for years, but a deteriorating economy and desperate circumstances have meant that more and more policyholders are attempting to execute the scheme with greater frequency.

Take the recent California case involving the arrest of three San Jose men: Trung Minh Le, 31; Ralph Abel Alvarez, 32; and Michael Joseph Derrick, 36. The men were arrested for presenting a false or fraudulent insurance claim after an investigation by the Silicon Valley Urban Auto Fraud Task Force, which is comprised of the California Department of Insurance’s Enforcement Branch (CDI), the Santa Clara County District Attorney’s Office, and the California Highway Patrol.

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