The Protective Group, a Long Island Insurance Investigator Provider, Comments on an Article about an Estate Planner Charged with Defrauding Insurers Using Stolen Identities of the Terminally Ill

(PRWEB) October 18, 2013

The Protective Group, a leading security company on Long Island, responds to an October 10th article published by the Washington Post titled “McAuliffe among investors in Rhode Island insurance scam that preyed on dying people.”

According to the article, a Rhode Island attorney and accountant named Joseph A. Caramadre was recently charged with “defrauding insurers by using the stolen identities of terminally ill people, according to court documents filed Wednesday by federal prosecutors in Providence.” Both Caramadre and Raymour Radhakrishnan, a former employee of Caramadres’, pleaded guilty in November, 2012 to “a 66-count indictment accusing them of wire fraud, money laundering and witness-tampering.”

A number of influential individuals were investors in Estate Planning Resources, Caramadre’s company. Terry McAuliffe, a Virginia gubernatorial candidate, was one of the investors. The article notes that “Federal court documents do not accuse McAuliffe of wrongdoing.”

John Monderine, CEO of the Protective Group, a leading insurance investigator and private investigator provider, speaks about the dangers of giving away private information. “Caramadre did not have to hack or steal to obtain the identities that he obtained; he managed to get the information through conversations and deals. This is another reason why you should always be careful not to give out private information about you or your family members.”

Monderine also believes that an insurance investigator may have helped insurance companies detect this issue quicker. “Part of the issue lies in the insurance companies not realizing for so long that they were being defrauded.”

The Protective Group is an elite full service private security firm with specializations in special event security, corporate security, private investigators, insurance investigators and surveillance. Its top-notch professional security guards have over 150 years of combined law enforcement service and its security personnel are physically fit, professional, athletic, and completely dedicated to ensuring events proceeds without a hitch. From charity runs and fashion shows, to fundraisers and art shows, the Protective Group instills confidence and assures safety at an exclusive event or place of business.

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