FOCUS SHORT

Man buried car to make claim

IN A FAILED attempt at insurance fraud, a 31-year old man buried his BMW X5 in a garden and reported it stolen. His plan, driven by his inability to repay his loans, was to make a claim with the insurance company and dismantle the car to sell it for parts. However, his plan failed and he now faces fraud charges, the SITA newswire wrote in early April.

IN A FAILED attempt at insurance fraud, a 31-year old man buried his BMW X5 in a garden and reported it stolen. His plan, driven by his inability to repay his loans, was to make a claim with the insurance company and dismantle the car to sell it for parts. However, his plan failed and he now faces fraud charges, the SITA newswire wrote in early April.

The man reported the theft of his car in Holíč in mid January. The police immediately opened an investigation, which brought a surprising break in late March. The police spokesperson in Trnava, Martina Kredatusová, informed SITA that the police discovered the car hidden in a large hole on the property of the car’s owner. In the end the man confessed that he had lied about the theft and got 250,000 Czech crowns (about €9,700) from a Czech insurance company. As he bought the car in the Czech Republic and registered it with his relative in the Czech Republic, he also signed the insurance policy there.

The man was charged with insurance fraud and perjury and could be sentenced to one to five years in prison.

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Theme: Finances and Advisory


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