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Definition of 'Fake Claims'
The term fake claims refers to insurance claims that are made fraudulently. These claims are made in an attempt for the policy holder to benefit financially from making claims that are false or exaggerated. While such practices are a fairly common occurrence, they are highly illegal.
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Investopedia explains 'Fake Claims'
Fake claims are often exaggerations of valid claims to an insurance policy. For example, a homeowner insurance policy holder may have been the victim of a breaking and entering where items were stolen. The number (and value) of the stolen items may be exaggerated on the claims report, indicating that more items were stolen than really were. This exaggeration could lead to the homeowner receiving a larger claim settlement than that to which he or she is truly entitled. Large claims are often investigate to mitigate such problems.
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Search results for 'Fake Claims'
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http://www.investopedia.com/articles/tax/09/avoiding-tax-scams.asp
... Ripoff Or Royal Screwjob?) Unethical Tax Preparers Similar to the fake home business ...
They often make their claims in over-the-top statements, bold letters and ...
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http://www.investopedia.com/articles/mortgages-real-estate/10/how-mortgage-fraud-affects-markets.asp
... Occupancy fraud occurs when a borrower claims that the home will be owner-occupied ...
group of professionals will often work together to create a fake borrower, a ...
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http://www.investopedia.com/articles/pf/07/foreclosure_scam.asp
... There are many methods used by these fake companies to swindle homeowners. ... a lender
introduces you to a refinancing loan document that claims to bring your ...
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http://www.investopedia.com/articles/stocks/07/biotech_zombies.asp
... scenario for creating a publicly traded biotech zombie, using the fake company XYZ ...
a previously unknown or under-the-radar micro-cap stock that claims to have ...
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http://www.investopedia.com/articles/pf/08/deal-with-debt-collectors.asp
... The amount the collector claims you owe. Advertisement - Article continues below. ...
They also may not call without identifying themselves or using a fake name. ...
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