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Insurance scam uncovered in raid Insurance scam uncovered in raid
(10 minutes later)
Police in Lancashire have uncovered what they say is a "major insurance scam" in a raid at a printing firm.Police in Lancashire have uncovered what they say is a "major insurance scam" in a raid at a printing firm.
Detectives confiscated large amounts of cash and computer equipment from the company in Blackpool town centre. A 40-year-old man was arrested.Detectives confiscated large amounts of cash and computer equipment from the company in Blackpool town centre. A 40-year-old man was arrested.
The fraud involves yearly policies and monthly cover notes for cars under Equity Red Star Motor Policies.The fraud involves yearly policies and monthly cover notes for cars under Equity Red Star Motor Policies.
Det Insp Pat Gill stressed it is the printing of the documents not the insurance company being investigated.Det Insp Pat Gill stressed it is the printing of the documents not the insurance company being investigated.
Police are seeking an order to confiscate cash seized in the raid.
They also took away computer equipment containing templates for making false documentation.
'Check documentation'
The man arrested was questioned and later released on police bail.
Det Insp Gill said: "We appear to have uncovered a major insurance scam involving the issuing of false documentation.
"Now we want to warn motorists to check their documentation to make sure they are not victims."
"I must stress that this is not an insurance company we are investigating, but the printing of these documents.
"If anyone thinks they have been a victim of a fraud we are asking them to get in touch with us so that we can investigate."
The annual policies are all issued under the name of Equity Red Star Motor Policies at Lloyds and all have the same policy number 054655187.
The monthly notes are issued under the name Tradex Insurance Company Ltd via brokers Abacans of Preston. They all have the same serial number 7688675.