Penn. Family Faces Charges in Alleged $20M Insurance Fraud Scheme

January 26, 2015

A Pennsylvania family’s luxurious suburban lifestyle has been financed by more than $20 million in fraudulent insurance claims amid a series of mansion fires and repeated reports of jewelry theft, authorities said on Jan. 22.

An investigation began after a 2013 fire at the stately home Claire Risoldi shared with relatives in Doylestown, Pennsylvania, an hour’s drive north of Philadelphia. It was the third blaze in five years at the property, which she dubbed Clairemont, authorities said.

Risoldi had falsely accused volunteer firefighters of stealing 55 pieces of jewelry worth more than $10 million while battling the flames, according to a grand jury presentment. The family’s jewelry collection had included two items valued at $106,000 only four months earlier, officials said.

Authorities said the ensuing probe uncovered a decades-long pattern of questionable insurance claims by Risoldi. She still possessed jewelry she reported stolen in 1993, according to investigators. She had reported another jewelry theft from a different home in 1984 and a house fire in 1977.

As a result of the investigation, authorities seized about $7 million in family assets, including $3 million in bank accounts, $1.2 million in jewelry, six Ferraris and two Rolls-Royces.

The state attorney general’s office charged Risoldi, 67, with counts including conspiracy, attempted theft by deception, witness intimidation and forgery. Six other people, including her husband, two children and daughter-in-law, also face charges.

Risoldi, who is free after posting bail, isn’t living at the Doylestown home and couldn’t be located for comment on Jan. 22. Her daughter’s lawyer had no comment.

Officials haven’t determined the causes of the Doylestown fires, but they said large amounts of highly flammable material had been placed near the origin of each blaze. Video from the home’s security system in 2013 showed Risoldi leaving a minute before smoke was visible outside the house, authorities said.

An insurance company has paid out more than $20 million for the three fires but is fighting the most recent jewelry claim. Physical evidence “proved that the jewelry could not have possibly been stolen in the manner described by the Risoldis,” the grand jury presentment said.

Topics Fraud

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Latest Comments

  • January 27, 2015 at 12:56 pm
    Amanda says:
    That is unbelievable. And sad to think how many honest policyholders ultimately ended up footing their beyond-lavish lifestyle for all those years. I agree, jail time is in or... read more
  • January 26, 2015 at 4:09 pm
    Ellie says:
    I really hope she spends some time in jail, because that is truely where she belongs as well as the other family members.
  • January 26, 2015 at 1:22 pm
    brian says:
    wouldn't want to be the agent who handles her policies!!

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