Insurance agent arrested for 50 ‘fake’ policies

By The Nation

 

Crime Suppression Division police on Wednesday arrested a former insurance agent who allegedly embezzled vehicle insurance money from around 50 clients.
 

Natthakit Ariyachotepipit, 44, from Mukdahan, was arrested in Ayutthaya's Uthai district. He was wanted under an arrest warrant issued by the Ang Thong Court on October 1.

 

He was accused of forging insurance policies for 50 clients who bought vehicle insurance from a firm via him.

 

A client found out that the policy was forged when he tried to claim for damages following an accident, prompting the firm to conduct an investigation.

 

Nanthakit said he worked for the firm for two years and he had used the clients' money so he issued them fake policies.

 

He had clients contact him after accidents so that he would take their vehicles to get repairs at a friend's garage at his own expense.

 

But a client later claimed for reimbursement from the firm directly and found the policy was fake.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30359017

 

-- © Copyright The Nation 2018-11-21

i seem to remember a chap called EMIL SAVUNDRA DOING THE SAME THING IN THE UK MANY YEARS AGO  but on a very large scale

Well done the client - another scumbag scammer out of circulation!

No oversight on the agents... I remembered the Thai stock broker who ‘bought’ stock for his clients except that he pocketed all the monies and create a pseudo stock market where he played the stock market on paper , paying the clients when they want to sell... at market rate. Scheme collapsed when the market turn towards him and he has no money to pay up anymore.