Tuesday, May 12, 2015

Insurance Fraud Leads to 2 Years in Prison for Dallas Homebuilder

A Dallas homebuilder has been sentenced to two years in prison for insurance fraud over false reports of more than $250,000 in materials stolen.
Edward Adrian Abraham operated under the name of Park Cities Development Inc.
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Federal prosecutors in Dallas announced the penalty for Abraham, who last year pleaded guilty to wire fraud. The 56-year-old Abraham was also ordered to pay $252,000 in restitution to insurance companies.
Investigators say Abraham in 2009 ran an insurance scheme with false reports of building materials stolen from two job sites.
Prosecutors say Abraham filed bogus police reports, plus had fake invoices sent to insurance companies to support his claims.
Abraham later admitted that no building materials were stolen.

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