A New York appellate court in Albany on Thursday disbarred an immigration lawyer convicted in a years-long scheme involving fraudulent EB-5 visa applications for more than 100 foreign investors, even as they turned aside the Attorney Grievance Committee’s argument that her convictions required automatic disbarment.
Insurance fraud involves making false or exaggerated claims to an insurance provider.
- Hard Fraud: Someone deliberately causes a loss (e.g., setting fire to a warehouse or staging a car accident) specifically to collect a payout.
- Soft Fraud: More common and often viewed as “victimless” by the perpetrator. It involves exaggerating a legitimate claim, such as overstating the value of stolen items in a home burglary to cover the deductible.