The District Court in Las Vegas has sentenced Nevada resident Russell Medina to four years in prison for insurance fraud, the state attorney general announced.
According to the D.A., Medina borrowed $20,000 from a private party, using his 2005 Infinity automobile as collateral. He then reported the car stolen and filed an insurance claim with Safeco Insurance. It is believed that Medina intended to pay off the incurred debt with the money from the insurance claim.
The case was reported through the Henderson Police Department who worked closely with an investigator from the Special Investigations Unit of Safeco Insurance.
“False claims of stolen vehicles will result in a criminal record and the owner will still be ordered to pay for the value of the automobile,” said Attorney General Catherine Cortez Masto. “Consumers who have a debt problem with an automobile should simply return the vehicle to the lender if payments cannot be made. A bad credit report is a better alternative to 4 years in prison.”
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