Charges of Insurance Fraud Against Local Real Estate Company Owner do Not Issue After Clerk Magistrate Hearing

Our client is a young man who has been very successful with several small businesses. He owns a construction company, a real estate company, some yachts, a charter company, a fishing company and several other enterprises in the Northern New England area. In 2002 he became saddled with debt. Two of his more expensive yachts had sustained some damage that made them unsellable. The man concocted an insurance fraud scheme whereby he set out to collect large sums of money from insurance companies relative to the boat damage. The insurance claims were denied. An investigation ensued and the insurance investigators determined that the claims brought by our client or fraudulent. Fortunately he was given a clerk magistrate hearing charging him with presenting a false insurance, G.L. c. 266 section 111A, claim an attempt to commit a crime, G.L. c.  274 section 6 and attempted larceny, G.L. c. 266 section 30. Attorney Neyman was hired. Today after a protracted clerk magistrate hearing a resolution was reached whereby no complaint would be issued. The matter is resolved and our client is no longer facing felony charges.

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