FRAUD OF THE WEEK February 25, 2019 AMOUNT: Over $20 Million

Today we bring you the story of a fraudster and past socialite, now convicted felon. Initially, the fraudster and her family were accused of conspiring to dupe insurers after three fires between 2009 and 2013 at one of their properties. Prior to the third fire, the fraudster increased coverage on more than 50 pieces of jewelry. The fraudster's son sold her out and admitted that the two conspired to file fraudulent insurance claims with their insurer AIG following a fire that destroyed a home that the family owned. The son also admitted to theft by deception for claims that the two filed with their homeowners' policy, and attempted theft by deception for filing false claims for $10 million in jewelry that the family claimed that the firefighters had stolen while they were putting out the blaze. Since he sold out his mom, the son's charges were downgraded from felonies to second-degree misdemeanors. The mother was found guilty of six felonies for filing over $13 million in false insurance claims. She faces a potential maximum of 60 years in prison and could have to pay millions in restitution and fines.