Two fraudsters involved in an elaborate ghost broking operation have received custodial sentences for conspiracy to defraud insurance companies.
Raza Mir was sentenced to three years and seven months in prison, while Muhammed Asif was sentenced to 16 months in prison. The pair were arrested at their Tottenham launderette in February last year.
They used the launderette as base to provide unregulated insurance to the local community. Visitors would leave the launderette with fraudulent insurance cover obtained using fake names and addresses.
Mir and Asif also forged no claims discount letters in order to obtain cheaper insurance.
The Insurance Fraud Bureau (IFB) worked closely with the City of London Police’s major proactive crime team to link more than 100 policies to the scam. The IFB also revealed thousands of insurance quotes that were connected directly to both men.
The crime team was able to seize 263 no claims discount letters. The IFB and its insurer members were able to prove that at least 172 of the documents were fraudulent.
Discussing the case, Jason Potter, head of investigations at the IFB, commented: “Mir and Asif used a seemingly innocuous business to front their fraudulent activities and thanks to our collaboration with City of London Police, along with our insurer members, we were able to hang these fraudsters out to dry.”
“This case goes to demonstrate that organised insurance fraud can often be linked to other criminal activity and this behaviour must be stopped. We remain committed to stamping out insurance fraud and hope that today’s sentencing serves as a stark warning to would-be criminals that fraud doesn’t wash with us, that they will get caught and they will get punished.”