FL Public Adjuster Arrested for ArsonInsurance Fraud — By Trace America on January 14, 2014 at 12:32 PM
On January 10th, a Miami-Dade public adjuster was arrested and charged with plotting to burn down at least three houses in order to fraudulently obtain over $2.3 million from insurance companies.
During his first appearance in Miami federal court, Jorge Fausto Espinosa Sr. was charged with conspiring to commit wire fraud and using fire to commit a felony.
According to the Miami Herald, Espinosa didn’t work alone. He is accused of conspiring with Felipe Ruiz, another Miami-Dade man, who was recently sentenced to eight years in prison for committing both insurance and Medicare fraud.
Ruiz was assisted by Espinosa in setting fire to Ruiz’s home and filing a fraudulent insurance claim, according to federal prosecutor Ron Davidson. An insurance company paid out $1.4 million on Ruiz’s false claim, he said.
Cooperation from yet another convicted Medicare fraud offender, Jose Luis Perez, helped to build the criminal cases.
Not only did he help in this case, but Perez also helped prosecutors develop a major money-laundering case against the convicted owner of a check-cashing store. Oscar Sanchez was involved in a ring that put tens of millions of laundered dollars into the Cuban banking system.
In exchange for the help, Davidson filed a motion to reduce Perez’s 13-year prison sentence to about 9.
Espinosa’s son is former police officer Jorge A. Espinosa, who got attention back in 2004 after he shot and killed an unarmed teenage burglar. He wasn’t charged in that controversial case but resigned and began working as a licensed public adjuster. However, six years after that, the younger Espinosa was charged by state prosecutors with theft, fraud and other schemes, including allegedly pumping up claims by tens of thousands of dollars. That case is still open.
This post is authored by Trace America.