A Kentucky man will have to pay almost half a million dollars in restitution to eight different insurance companies after he pled guilty to 11 felony counts including grand theft and insurance fraud. Oh, and he's also going spend the next five years in a southern California prison.
On June 11, Tam Lai, aka Timmy Lai, 33, of Louisville, Ky., was sentenced to five years in prison by a San Diego County Court judge after his elaborate auto insurance fraud ring was busted by investigators.
In Dec. 2004, the Auto Club of Southern California notified the California Department of Insurance (CDI) that they suspected a group of individuals were involved in filing fraudulent claims. The insurer discovered that duplicate claims were being filed for the same vehicles with the same damages, and each had a similar story.
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