CFO Committed Insurance Fraud in Claim of Lost Ring

Buying a diamond ring is always a costly expense. Claiming to lose it — twice — came at an even steeper price for Colby White, chief financial officer for Prince George’s County public schools. The Maryland Insurance Administration has ruled White and his wife, Keisha, who works as an internal auditor for the school system, committed insurance fraud by filing a claim for a lost diamond ring that another insurer had already paid $16,313 to replace months earlier.