These thieves are committing insurance fraud, one of America's largest criminal industries. Insurance fraud is a crime, and one way or another, honest consumers and businesses pay the price. Insurance fraud occurs every day and in every state. People of all races, incomes and ages are victimized.
People lose their savings.
Trusting citizens are bilked out of thousands of dollars, often their entire life savings, by insurance investment schemes. The elderly are especially vulnerable. Health is endangered. People's health and lives are endangered by swindlers who sell nonexistent health policies or perform quack medical care to illegally inflate health insurance claims. Premiums stay high.