Authorities announced the arrest of 51 individuals as part of the takedown of a no-fault insurance fraud ring in New York City last weekend. All are accused of taking part in a scheme that netted millions of dollars.
The joint bulletin, issued by Superintendent of Insurance Gregory V. Serio, New York City Police Commissioner Raymond W. Kelly and Brooklyn District Attorney Charles J. Hynes, described the arrests as "the first phase of ‘Operation Gateway,‘ an investigation into a criminal organization that is taking advantage of New York‘s no-fault laws by falsifying auto accidents." The ring is suspected of being part of a larger nationwide organization, which is responsible for false claims running into hundreds of millions of dollars.
