- Posted December 27, 2013 by
Insurance Fraud Investigators Group: Bogus car insurance broker scam
The Insurance Fraud Bureau, which investigates organized fraud, says it is examining more cases involving ghost brokers than they ever have before Con men are targeting motorists looking for cheap car insurance online and selling them bogus policies.
The fraudsters pose as genuine insurance brokers, known as ghost brokers.
The scam raked in £500,000 for crooks last year.
The Insurance Fraud Bureau, which investigates organized fraud, says it is examining more cases than ever before.
Ben Fletcher, director at the bureau, said: “Over the last 18 months we have seen a marked increase in ghost broking scams.
“The scale of these scams is breathtaking and each one can potentially leave motorists out of pocket and inadvertently driving without insurance.
“We advise all motorists to be extra vigilant when buying insurance and particularly wary of any deal that seems too good to be true.”
Driving without valid insurance is illegal and could leave you with a criminal record and personally liable for the costs of any accident.