Young drivers insurance news
08/04/2009
Millions swindled out of car insurers
Football and insurance for young drivers do not usually go hand in hand, but young motorists may be interested to learn about a recent insurance con involving the beautiful game.
A north London migrant set up a scam to swindle about five million pounds from car insurers. He is believed to be one of the masterminds behind hundreds of fake road accidents.
Police are convinced the fraud is a huge one and probably involves up to 1000 conmen. They are still hunting the ringleaders.
The fraudsters stage crashes where they damage vehicles deliberately but then claim they have been in a crash with other drivers.
In a typical case, a motorist calling himself Franchesko Touty - a poorly spelt impersonation of the Italian football ace Francesco Totti - claimed he had crashed into a car with three occupants.
The fraud run by masterminds such as the north London migrant commonly features cases with fake-sounding names. The conmen then cash in on no win, no fee personal injury compensation payouts.
The fraudsters cash in on policies taken out by other conmen connected to the scam. Such cases lead to rises in premiums for law-abiding policyholders of insurance for young drivers.
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