As the result of a six-month investigation by the CDI Organized Automobile Fraud Interdiction Task Force, Samvel Saakyan, a 27-year-old former Sacramento auto dismantler, was arrested on four felony counts of insurance fraud and two felony counts of perjury.
According to investigators, in February 2000, Saakyan purchased a wrecked 1997 Lexus from his wife, owner of Sam’s Auto Dismantler, and allegedly repaired the Lexus himself in 30 days. The following May, Saakyan insured the Lexus with North Pointe Insurance Company. On June 29, 2000, Saakyan reported the Lexus stolen and filed a claim with North Pointe for the theft, valued at $27,000.
North Pointe denied Saakyan’s claim based on the degree of damage to the Lexus prior to his purchase and referred the claim to CDI’s Criminal Investigation Branch. In a November 2000 examination under oath, Saakyan stated he had repaired the Lexus, had it inspected in Los Angeles while vacationing and registered the Lexus at the Department of Motor Vehicles in Folsom before the theft.
Investigators learned that the mileage recorded on the Lexus repair, inspection and registration documents did not correspond to Saakyan’s alleged travels. Individuals connected with the repair and inspection of the vehicle informed investigators that Saakyan’s vehicle was never repaired or inspected by them.
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