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Investigators suspect fraud recover vehicles from Detroit River

July 3, 11:34 AMDetroit Top News ExaminerDarlena Taylor-Bonds
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  Vehicle recovered from Detroit River

Fishing in the Detroit river brought more up then just fish. Investigators suspect fraud has recovered vehicles reported stolen, some vehicles that were reported stolen as far back as the 1980's.

More than 25 cars were pulled from the Detroit river.  AAA says the number of reported thefts is up as the economy takes a dip. So far, more than 1,000 such claims have been reported in Michigan.

“I've never seen anything like it,” said Chris Charon, a fraud investigator with Lakeside Investigations.

“People just can't handle the bill or they get inflated receipts for stuff that they didn't get and then they report it stolen and they collect from the insurance companies,” Charon said. With so many vehicles submerged in the water, Detroit Police think people were trying to collect cash on the cars by reporting them stolen and then dumping them in the river.

Such fraudulent claims is what make everyone insurance rate increase,if the rates are not high enough. Not only does legitimate victims pay the price of lossing their car but also see an increase of premiums. It's unfair to those of us that file legitimate claims, while others scheme their way out of a car payment and reap the benefits of monetary gain.

 

 
 
 
 
More About: Detroit · Economy · Cars · City

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