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Essay

Insurance Fraud

Essay specific features

 

Issue:

Business

 

Written by:

Earl J

 

Date added:

July 1, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 597

 

Was viewed:

7084 times

 

Rating of current essay:

 
Essay content:

He constructed a scheme to embezzle over 200 million dollars from insurance companies in several states across the U.S. He began his first minor case of insurance fraud in 1986 and was not convicted until 2002 for insurance fraud, racketeering, and money laundering. Throughout his "career" he learned new ways to embezzle money and began to master the art of insurance fraud...
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It is viewed as mostly as a white-collar crime but it can come in many different forms. People who usually commit these kinds of frauds are motivated by greed for necessity or seeking wealth and luxury. This may have been the case with Martin Frankel as stated by the prosecutors "he was motivated by greed, sexual desire and a lust for the high life: a mansion in Greenwich, fancy cars, diamonds the size of nickels, and several girlfriends"...
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