NJ Man Charged in Auto Insurance Fraud Scam
According to Insurance Journal, John A. Loor (AKA John A. Loor-Benitez) of Jersey City, NJ has charged in connection with an alleged auto insurance scam late last month involving multiple fraudulent auto insurance applications to avoid paying premiums.
The State of New Jersey Office of the Attorney General and Insurance Journal report the following:
“The State Grand Jury indictment alleges that Loor caused invalid banking account information to be submitted in order to obtain auto insurance identification cards from Progressive Garden State Insurance Company without paying the policy premiums.
Between December 28, 2016, and September 9, 2020, Loor allegedly caused 11 fraudulent auto insurance coverage applications to be submitted to Progressive knowing that the insurance company could not secure the payment for its initial premium from the bank account provided because the account had ‘insufficient’
or ‘not sufficient funds’ from which to pay the policy premium.
The indictment alleges Loor falsified or tampered with records when he presented invalid auto insurance identification cards containing false information to the Jersey City Police during motor vehicle accident investigations on April 6, 2019, and September 14, 2019.”
Loor has officially been charged with second-degree conspiracy, second-degree insurance fraud, and two counts of fourth-degree falsifying or tampering with records. He is facing a sentence of 5 to 10 years in state prison and a fine of up to $150,000 for the second-degree crimes, and up to 18 months in state prison and a fine of up to $10,000 for the fourth-degree crimes if proven guilty by a court of law.