A Fraudsters video production – Watch moment ‘crash for ready cash’ fraudsters confronted on camera – have you been a victim?:
Watch moment ‘crash for ready cash’ fraudsters confronted on camera – have you been a victim?
The video was taken on the M42 in Leicestershire and campaigner Neil is convinced the red Hyundai had tried the tactic numerous times that day already
This is the moment a fraud investigator confronts three pioneers of one of Britain’s newest ‘crash for ready cash’ scams.
The confident fraudsters can be seen trying to hide their faces as the camera approaches.
Neil Thomas, director of investigative services for Accident Exchange and APU, uploaded this footage to his Twitter account.
The video was taken on the M42 in Leicestershire and Neil is convinced the red Hyundai had tried the tactic numerous times that day already.
He said: “Clearly, going through the insurance claims system poses the risk for criminals that their personal details will be recorded and previous dishonest claims or claims which weren’t paid out identified.
“This emerging trend shows just how entrepreneurial criminals can be; they just want the money and this is a faster, easier way for them to get it without being caught. It’s the modern day equivalent of highway robbery.”
Young women and elderly drivers are being targeted and motorists are being warned by insurers about the modern equivalent of ‘highway robbery.’
In the past ‘crash for cash’ gangs staged collisions and then made fraudulent personal injury claims to insurers and pocketing the pay-outs.
But tighter fraud detection systems have made it harder for criminals to get away with the scam so they are turning to more opportunistic methods.
The disturbing new trend has been identified by anti-fraud specialists APU, and the new tactic involves the criminals deliberately causing an accident.
Then they intimidate the innocent victim into handing over money in return for not getting insurers involved.
Neil added:“By demanding money at the roadside, they won’t get the same level of pay-out as if they’d filed an insurance claim.
“So they are trying the same stunt several times a day in order to try and get enough cash to make it worth their while, which makes this a dangerous tactic.
“The more accidents they try and cause in a day, the more chance there is that an innocent motorist will be injured, not to mention the number of people subjected to menacing, personal confrontations.”
Leicestershire Police told BBC Radio 4 it was aware of several collisions involving a red car, which they have since recovered. No arrests have been made.