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While charges are for $2.7 million, it is believed a total of $20 million has been underpaid in premiums since 2018. (Credit: 5m3photos/Shutterstock.com) While charges are for $2.7 million, it is believed a total of $20 million has been underpaid in premiums since 2018. (Credit: 5m3photos/Shutterstock.com)

The owner of a New Jersey truck repair shop and eleven others are being charged with racketeering, insurance fraud and theft by deception for their involvement in a plan, which resulted in the underpayment of $2.7 million in premiums in 2021, according to the Warren County Prosecutor’s Office.

The shop owner allowed various agents and producers to list his shop’s address as the garaging address for roughly 170 trucking companies to claim that almost 400 trucks were being garaged on the premises when the premises could only hold around 30 vehicles. Insurer employees noticed a large number of applications for commercial trucking companies claiming to garage vehicles at the same address. Surveillance substantiated that none of the vehicles in question were parked on the lot.

 

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