Fraud of the Week: When the Adjuster Keeps the Money 

 

Homeowners Fraud – Pennsylvania 

 

Amount - $140,000+ 

 
 
An adjuster has been charged with nine counts of insurance fraud, theft by deception, deceptive business practices, and misappropriation of moneys held on behalf of another. The man represented multiple insureds in homeowners claims with various companies. He used a particular legal notice to direct payments to him, claiming that the money was being held in a business escrow account. However, the money was not being distributed to the insureds, leaving them to pay for the repairs out of pocket.