Fraud of the Week

Homeowners Fraud – Virginia

Amount – $1.25 million

A renovation company is being investigated for insurance fraud and taking in a lot of money illegally. The company is accused of deliberately damaging homes in order to collect insurance funds, taking people's money to perform repairs without the proper licenses, and also taking people's money without performing the necessary repairs. Co-owners of the company are accused of conspiracy to commit multiple felonies. Shingles were deliberately damaged to look like hail damage, and the company had deposited $1.25 million into the business bank account since October 1, 2019.