Edmond OK Insurance fraud is a broad term that includes numerous acts the law considers illegal. All of them are related to stealing from Edmond insurance companies. Insurance fraud is one of the most commonly prosecuted Edmond white-collar crimes.
Insurance fraud prosecutions and indictments in Edmond have dramatically increased as the result of the recent changes in Edmond legislation and general policy aimed at insurance fraud crackdown changes. Unfortunately, many individuals accused of insurance fraud in America are not even aware what it is they’ve done wrong.
Our affiliated Edmond Oklahoma insurance fraud lawyers are highly experienced in defending Edmond clients charged with insurance fraud related to Edmond health insurance, auto insurance, Edmond Medicaid fraud, unemployment benefits fraud, and welfare fraud.
So, what is fraud? In short, the state Penal Codes do differ, a fraudulent insurance act is intentional and deliberate submission of an insurance application to a Edmond insurance carrier or its agents.
“Fraudulent” means either submitting false information or concealing, for the purpose of misleading, information concerning any material fact.
A default “generic” insurance fraud charge is insurance fraud in the fifth degree, a class A misdemeanor that carries imprisonment up to one year.
All subsequent degrees vary as following: if in addition to the generic act of Edmond OK insurance fraud the person wrongfully obtains property with a value of more than $1,000, it is insurance fraud in the fourth degree is a class E felony with the potential imprisonment up to four years. $3,000 in illegal gain makes it insurance fraud in the third degree is a class D felony (up to seven years in prison). $50,000 in illegal gains means insurance fraud in the second degree is a class C felony (maximum 15 years of imprisonment), and, finally, stealing a million dollars will make one guilty of insurance fraud in the first degree, a class B felony (up to 25 years in prison).
Edmond Insurance fraud investigation normally takes time. Authorities rarely arrest people suspected of insurance fraud without a warrant and some preliminary investigation. When you first discover that you are the subject of an insurance fraud investigation, your actions at that point may determine the outcome of the case.
Edmond Oklahoma Investigators will not question persons who wish to consult a Edmond lawyer. When you retain our experienced Edmond insurance fraud attorneys early in the case, we may mitigate future damages and in some cases even convince Edmond prosecutors not to proceed with the case.
If you are under investigation for Edmond insurance fraud, contact our Wise Laws insurance fraud attorneys in Edmond at 800-270-8184 or CONTACT FORM