“Surprise! ‘Soft’ Insurance Fraud Is Punishable by Prison,” Law360
“Most people are surprised to learn that acts of soft insurance fraud, also known as ‘fraud of opportunity,’ are punishable by prison sentences,” writes Christian A. Cavallo, a partner in Goldberg Segalla’s Global Insurance Services Practice Group, for Law360.
“A recent New Jersey high court decision, State of New Jersey v. Robert Goodwin, has received attention for the seemingly harsh penalties imposed on a convicted perpetrator of soft insurance fraud — even where the insurance carrier did not sustain any financial loss as a result of the fraud.”
In this article, Chris examines the broad implications of the Goodwin case along with how, as severe as it may seem to impose prison sentences on those convicted of soft insurance fraud, regardless of the damages involved, such punishment is not unique to New Jersey.
Read the article here:
- “Surprise! ‘Soft’ Insurance Fraud Is Punishable by Prison,” Law360, March 16, 2016 (subscription required)