Alleged CTP fraudster charged

The Sydney man is facing 12 counts of fraud for allegedly staging a car crash to cash out $1.1m in insurance claims

Alleged CTP fraudster charged

Insurance News

By Mina Martin

A crackdown into a Sydney car insurance fraud that is driving up CTP prices for NSW motorists has led detectives to a 24-year-old alleged fraudster.

The man is the 13th person to have been charged by Strike Force Ravens, which was set up last August to investigate syndicates targeting the compulsory third-party insurance scheme.

Search and compare product listings for CTP insurance from specialty market providers here

The Sydney man faces 12 counts of fraud for allegedly staging a car crash in Liverpool in May 2015 in order to cash out $1.1 million in insurance claims, AAP reported.

The man was granted conditional bail and is set to appear in Liverpool Local Court on Sept. 13.

To date, the detectives have uncovered a total of more than $11 million worth of alleged frauds and laid more than 100 charges.


Related stories:
Tenth man charged over Sydney CTP fraud
Insurance fraudster caught on video plotting alleged arson court hears

Keep up with the latest news and events

Join our mailing list, it’s free!