Egypt – Prison sentences for fake funerals
Tuesday, 08 15 2017, Category: Insurance and Reinsurance, Country: Egypt
The head of the Alexandria Criminal Court, the judge Mohamed Abdel Hamid al-Khouli issued prison sentences for a fraud ring for 45 days. The fraud ring is led by a lady and specialized in life insurance frauds through fake funerals and the issuance of official death certificates related to fake deaths in order to submit them to insurance companies and earn compensation.
Public prosecution issued charges of fraud to a lady and seven men accused of fabricating fake funerals and the issuance of official death certificates in order to claim life insurance amounts illegally and share the compensation among the members of the fraud ring.
Source: Veto Gate