A Kouts, Indiana man has been found guilty of orchestrating a scheme to defraud insurance companies out of over $600,000, according to a recent verdict.
Michael Thomas, 41, was found guilty after a four-day trial before U.S. District Court Judge Jon E. DeGuilio, announced U. S. Attorney Thomas L. Kirsch II.
According to documents in the case, a grand jury charged Thomas in a four-count indictment alleging that Thomas devised a scheme to defraud insurance companies. The indictment alleged that he and others took out insurance policies on several residences near North Judson, Indiana, that he owned, shortly before each residence burnt due to arson.
The charged fires occurred in 2004, 2010, 2012, and 2013. Thomas and others received over $600,000 from the insurance companies.
The case was investigated by the United States Postal Inspection Service and prosecuted by Assistant United States Attorney Jesse Barrett.
Thomas will be sentenced on January 17, 2019.
The scheme, which spanned nearly a decade, resulted in significant financial losses for the insurance companies. Thomas’s conviction serves as a reminder of the importance of protecting against insurance fraud.
Insurance companies and law enforcement agencies continue to work together to prevent and investigate cases of insurance fraud.
The outcome of Thomas’s case serves as a warning to others who may be considering similar schemes.
Key Facts
- State: Indiana
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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