Eden Prairie man admits to insurance scam
June 2, 2011
Total Loss:
$7 Million
An Eden Prairie businessman has admitted scamming his insurance company out of at least $7 million and using some of the money to buy a private airplane and other items.
Travis M. Scott, 34, pleaded guilty Tuesday in federal court in St. Paul to wire fraud and money laundering. In total, Scott admitted he is responsible for losses to insurer Zurich North America of $7.1 million to $10 million.
Source:
Star Tribune
Posted in:
Money Laundering
ACH and Wire Fraud