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Featured Fraud: Condo Conundrum

Two claims were filed with different insurers after a 2008 fire in a developer’s Calif. condominium project, but thinking twice did not work out in this man’s favor.

By Catherine Couretas | Updated on June 17, 2011

Usually, thinking twice before making a decision results in the best possible outcome. A Calif. property developer thought twice when it came to finding coverage for a condominium project, however, and now it is costing him.

Bijan Madjlessi, 55, of Strawberry, Calif., had been working on the Belvedere Towers condominium project when a fire occurred on July 29, 2008. Though the blaze was deemed “suspicious,” no arson charges were filed at the time.

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