Keighley pair jailed for creating insurance web of deception worth thousands
12 August 2015
Two fraudsters who created insurance policies for people who did not exist and then submitted 300 false personal injury referrals worth £167,000 for ‘made up’ road accidents have both been jailed for four and half years.
These convictions followed a detailed investigation by the City of London Police’s Insurance Fraud Enforcement Department (IFED).
Detective Constable Alex Cooley, who led the investigation for the Insurance Fraud Enforcement Department, said: “The gang built a sophisticated web of deceit involving identity crime, credit card fraud and insurance fraud, believing mistakenly their dishonesty was going unnoticed.
“However IFED has the resources and capability to untangle the most complex criminal arrangements in our pursuit of those who seek to defraud. As a result of this expertise Israr Hussain and Shazad Shad are now facing jail-time and a life blighted by a criminal record.”
Ben Fletcher, Director of the IFB, said: “Fake accidents like those carried out by these fraudsters form part of the ‘crash for cash’ insurance fraud phenomenon which we estimate costs the honest policyholder almost £400 million every year. This operation highlights to insurance fraudsters that the risk of being caught and prosecuted is high as the IFB and the insurance industry work closely with the police to detect and disrupt insurance fraud scams, however sophisticated they may be.
“Insurance fraudsters should remember that once caught then they face the prospect of heavy fines, a criminal record and imprisonment plus potentially restricted access to financial services in the future.”