North Carolina officials arrested a Durham man and charged him with one count each of insurance fraud and obtaining property by false pretense, according to Insurance Commissioner Jim Long.
Officials processed Reginald Woods, 35, at the Durham County jail under a $10,000 unsecured bond.
Department of Insurance investigators allege Woods filed a claim with his insurance company stating that his motorcycle was stolen, and received a payment of nearly $4,500. Several months later, Woods was stopped at a police checkpoint and was discovered riding the “stolen” motorcycle.
Source: North Carolina Department of Insurance
Was this article valuable?
Here are more articles you may enjoy.
Thailand’s Record Floods Paralyze Key Hubs for Tech and Car Parts 
Massive Coupang Data Breach Caps Record Year for Cyber Breaches 
Supreme Court Questions $1 Billion Music Piracy Suit Against Cox 
Standard Chartered Settles $2 Billion Iranian Sanction Suit in London 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.