The Florida Department of Insurance announced that the president of Megen Corporation is facing charges of insurance fraud, forgery, and uttering forged documents stemming from the underwriting of a construction surety bond in the face amount of $3.3 million.
Thomas Hatami, sole officer of the heating and air conditioning company, was arrested at his home in Coral Springs, by investigators with the Florida DOI’s, Division of Insurance Fraud. Hatami is charged with one count of insurance fraud, one count of forgery and two counts of uttering forged documents, all third-degree felonies. He was booked into the Broward County Jail.
Between February and November of 2001, Hatami allegedly furnished fraudulent financial statements for Megen Corporation, a forged $1 million irrevocable letter of credit by BankUnited, and a forged letter from BankUnited showing the average daily balance of Megen Corporation’s operating bank account to a Coral Springs insurance agent. Based on those forged documents, the insurance agent wrote a $3.3 million construction bond covering a construction contract at the Miami International Airport. The Megen Corporation has defaulted on the airport construction contract.
Topics Fraud Construction
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