A Rochester, New York man falsely reported his car stolen before reporting to federal prison to serve a sentence for a previous firearms conviction. Khaleef Ahmad Reed intended to collect a $9,300 insurance settlement to pay off his car loan.
According to the New York State Insurance Department, Reed hid the car inside a relative's garage before telling police that it had been stolen while parked on the street. Reed then filed an insurance claim and gave the only key to the car to his insurance company.
Insurance Frauds Bureau investigator Gary Sullivan reported that the scheme came to light when the relative purchased a new car and wanted to use the garage. Unaware of the stolen car report, the relative had police remove Reed's car, after Reed's girlfriend refused. The car was then linked to the stolen car report.
Reed faces two-to-four years in state prison after pleading guilty to grand larceny and is being held without bail. Reed's girlfriend pleaded guilty to misdemeanor petty larceny in August and is awaiting sentencing.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
