Some people really can’t be honest. A few even get worse and commit fraud. A young man from the United Kingdom thought he could get away with an insurance scam involving a fake Ferrari, a rented Audi and an intentional accident.
This young man in question is a certain Adam Islam, of Southwold Drive, Barking, Essex. He owns a fake Ferrari, which is basically a Toyota MR2 dressed up as a Ferrari F430. Islam and his friend Mohammed Abu Khayer – who had an Audi A1 rental car – went for a drive with their respective rides on September 12, 2014. But their enjoyable drive was interrupted by a crash, as both drivers were driving recklessly that day. But instead of honestly reporting the accident, Islam and Khayer connived to implement a plan that would make them earn tens of thousands of pounds by claiming insurance money.
Under their plan, instead of reporting what really happened, Islam claimed that his dressed up Toyota MR2 stalled on a bend and then it was hit by another car. He also claimed not knowing the driver of the supposedly at-fault vehicle. By doing so, Islam managed to collect around £29,000 from his insurer LV. Since the Audi A1 – the vehicle found to be at fault – was insured by the rental company, Abu incurred no personal cost by accepting that he was to be blamed for the accident.
But when Islam tried to claim for another credit from a different company, this was flagged as suspicious by Hill-Dickinson’s Netfoil database, a detection system that protects against insurance fraud. Accident Exchange tapped Asset Protection Unit (APU) to investigate the matter. After investigation by a team of forensic experts and former police officers, APU determined that Islam and Abu Khayer knew each other, and are even friends. The investigators also found out Islam tried but failed to sell his car online for £30,000, which could be a sign of possible insurance fraud.
After gathering all necessary evidence, APU tapped the services of commercial law firm Hill-Dickinson LLP for a private investigation. The case went to court sans police involvement and both Islam and Abu Khayer pled guilty to fraud by false representation. Islam was sentenced by the Snaresbrook Crown Court to prison in 18 months, while Abu Khayer was sentenced to custodial sentence of 12 months, suspended for two years. Both fraudsters were ordered to pay compensation.
Judge HHJ Dawson remarked that Islam and Abu Khayer committed sophisticated fraud just almost immediately after the crash. He noted that the crime wasn’t victimless crime, since this could result to higher car insurance premium and delays in genuine payments.