The fraud perpetrators of insurance have been arrested in Australia
A British man who has been accused of forgery of his own death as part of insurance fraud amounting to 1.25 million pounds has been caught in Australia. For six years, Hugo Sanchez, aka Alfredo Sanchez has been on the search by the authorities. He has been accused of fraud after police found fingerprints on his death certificate. Prosecutors have claimed that Mr. Sanchez to convince his wife to inform the authorities and employers that he died of a heart attack while he was vacationing in Ecuador in early 2005.
Later, Mrs. Sanchez gave the death and cremation certificates and receives payment of death benefits amounting to £ 112,000. He also began a claim for life insurance policy her husband had come out and receives large amounts of money as part of a retirement package. Mrs. Sanchez has been arrested and received a two-year prison sentence after pleading guilty to six counts of fraud last year. Not only Mr. and Mrs. Sanchez who has done this type of fraud, John Darwin also had committed fraud against insurance companies and pension as much as hundreds of thousands of pounds earlier this year but were released.
In 2002, Mr. Darwin had disappeared after leaving the canoe trip and later assumed dead. However, his wife knew that he was still alive. Insurance fraud has led to significant premium increases for customers every day. False claims cost the insurance industry as a whole around £ 2 billion per year, so adding an average of 44 pounds per year to each policyholder premium UK.
