Winston-Salem man charged with insurance fraud involving repossessed car


RALEIGH

North Carolina Insurance Commissioner Mike Causey today announced that Cornell Isaac Taylor, 40, of 1221 Motor Road, Winston-Salem, has been charged with insurance fraud and attempting to obtain property by false pretense, both felonies.

Special agents with the Department of Insurance’s Criminal Investigations Division accuse Taylor of filing a claim with Dairyland Insurance, saying his 2011 Dodge Charger was stolen when he knew it had been repossessed by the finance company.

The offenses occurred on Oct. 14, 2020.

Special agents served Taylor with a criminal summons on Dec. 3. He is due in Forsyth County District Court on Jan. 6, 2022.

“It’s estimated that property and casualty insurance fraud costs insurance customers $120 billion a year in increased premiums,” said Commissioner Causey. “The Department of Insurance has reinforced its criminal investigations procedures and personnel in an effort to make more arrests to keep fraud from driving up insurance costs.”

If you suspect insurance fraud or other white-collar crimes, please report it. You may report fraud anonymously by calling the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840. Information is also available at www.ncdoi.gov.



Source link

About the Author

Angela Brown
Angela Brown is the author of our Business & Economy section.