Washington Man Charged With Auto Insurance Fraud

June 21, 2011

A Tacoma, Wash., man faces multiple charges after allegedly filing forged documents in an auto theft claim, the state Office of the Insurance Commissioner announced.

Cash B. Knott, 45, has been charged in Pierce County Superior Court with three counts of forgery, one count of insurance fraud, and one count of attempted second degree theft.

According to the OIC, on Nov. 6th, less than a month after getting coverage from Progressive Direct Insurance Co. for his 1992 Ford Ranger pickup, Knott filed a $5,674 insurance claim with Progressive. He said someone had scratched the paint, stolen his chrome wheels and tires, and stolen his navigation and entertainment system, 1,000 watt amplifier and other electronic components.

He provided Progressive with a Sept. 2 stereo shop invoice for $4,547.84 worth of stereo equipment, a copy of his check, and a bank statement showing the withdrawal from his checking account.

When contacted by an insurance adjuster, the stereo shop said it had no record of such a purchase. All they could find was that Knott had bought an amplifier — for $109 — on Sept. 2, the OIC said.

Insurance Commissioner Mike Kreidler’s Special Investigations Unit obtained a search warrant for Knott’s bank records. The bank found no checks written to the stereo shop, and none whatsoever for $4,547.84.

Investigators believe that Knott altered the invoice, forged a check, and created a phony bank statement.

He is scheduled for arraignment on June 27.

Source: OIC

Was this article valuable?

Here are more articles you may enjoy.