Canadian Underwriter

Police charge Toronto man in connection with insurance fraud scheme

November 25, 2010   by Canadian Underwriter

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A Toronto man has been charged in connection with an insurance fraud investigation.
According to Toronto police, the fraud scheme involved a paralegal who said he was operating under Royal Sun and Alliance Company, using ‘Executive Brokers’ as the name of the insurance broker.
The brokerage address was presented as 251 Consumers Road #1200.
Police allege:

  • the victim would purchase car insurance from the accused,
  • the victim believed the insurance was valid,
  • the perpetrator took $3,000 cash for the insurance,
  • the perpetrator forged all necessary documentation for the car insurance.

Concerned that there might be other victims who bought insurance from the perpetrator or his company, and who are now driving without valid insurance, Toronto Police have released a photo of the accused.
Police are appealing to any one who might have purchased insurance from the accused or Executive Brokers to contact the Registered Insurance Brokers of Ontario (RIBO) to ensure that they do, in fact, have valid insurance.
Peter Joseph of Toronto has been charged with false pretences under $5,000, forgery and uttering forged document.