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Fraud of the Week: What Chu Talking About?

Chae Hyong Chu is yet another unfortunate example of a company claim adjuster trying to "work" his employer for some extra cash -- and getting busted in the process.

By Eric Gilkey | Updated on March 18, 2010

Chae Hyong Chu is yet another unfortunate example of a company claim adjuster trying to “work” his employer for some extra cash — and getting busted in the process.

His scheme unfolded like so many before him. According to Maryland Attorney General Douglas Gansler, Chu was a licensed insurance agent who was working as a claim adjuster for Progressive Insurance Company. From May 2005 through September 2007, he issued six checks from Progressive to himself or his wife, and then deposited the checks into his personal bank accounts. Over the two year period, Chu stole more than $39,000 from his employer.

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