Florida Chief Financial Officer Jeff Atwater announced the arrests of five NBRC Roofing Co. employees for allegedly organizing a $525,000 insurance fraud scheme.
The Tampa-based company is accused of leaving 97 homeowners in Hernando, Hillsborough, Manatee, Pasco, Pinellas and Sarasota counties with unfinished roof repairs and liens on their homes after stealing insurance money intended to pay subcontractors.
Atwater said officials expect to make four additional arrests in the case.
Atwater said that an investigation by the Department of Financial Services’ Division of Insurance Fraud discovered the insurance scam involved visiting homeowners following a storm, convincing the homeowners roof repairs were necessary, helping the homeowners file insurance claims for repair and finally convincing the homeowners to give NBRC the sole right to make the repairs and the assignment of benefits for the insurance claim. But once NBRC was paid for insurance claim, the repairs would not be completed and the insurance money would be pocketed by NBRC employees, officials said.
The defendants have been each charged with organizing a scheme to defraud, a first degree felony punishable by up to 30 years in prison.
Topics Florida Fraud Homeowners
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