Family of Three Involved in Insurance Fraud of Over 50 Million Yuan

Reported 8 months ago

A family of three surnamed Zhou were caught by the police for insurance fraud involving over 55 million yuan, deceiving nearly 10 insurance companies by frequently buying high-priced traditional Chinese medicine ingredients under the pretense of accidents and collisions to claim compensation. Their fraudulent methods included falling down and accidents, averaging over 10 falls a month in the past 10 years. The authorities are cracking down on such cases, with new insurance policies implementing stricter regulations to prevent individuals from profiting through illness.

Source: YAHOO

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