MADISON COUNTY, Miss. (WLBT) – Authorities say they are continuing to track down suspects and leads, nearly three years after Madison County was scammed out of $2.7 million.
Sheriff Randy Tucker gave an update on the investigation on Monday.
He told members of the Board of Supervisors that nearly $2.2 million of the $2.7 million in lost funds had been recovered, and that some suspects have been identified.
“We’ve learned this has reached across the country to multiple jurisdictions, and that there are multiple people that have been affected, multiple entities that have been affected,” he said.
[READ: Madison County recovers $2.1M in stolen funds a year following scam]
“So, the more victims that come forward, or the more entities that come forward, the better, I guess, our case looks here in Madison County.”
In early 2024, the county wired more than $2.7 million in payments to a fake…
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.