A Dallas homebuilder has been sentenced to two years in prison for insurance fraud over false reports of more than $250,000 in materials stolen.
Edward Adrian Abraham operated under the name of Park Cities Development Inc.
Federal prosecutors in Dallas announced the penalty for Abraham, who last year pleaded guilty to wire fraud. The 56-year-old Abraham was also ordered to pay $252,000 in restitution to insurance companies.
Investigators say Abraham in 2009 ran an insurance scheme with false reports of building materials stolen from two job sites.
Prosecutors say Abraham filed bogus police reports, plus had fake invoices sent to insurance companies to support his claims.
Abraham later admitted that no building materials were stolen.
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion 
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme 
