Insurance fraud is an $80-billion a year industry-and the bad news is: Organized criminals know it."The word has gotten out," says Dennis Jay, executive director of the Coalition Against Insurance Fraud (CAIF), Washington, D.C. "There are huge loopholes in state legislation that have made insurance fraud at least as lucrative as drug trafficking."
Furthermore, he says, "if you get caught perpetrating insurance fraud, you're not going to serve the time you'd serve if you're involved in drugs or other crimes-and, you're probably not going to get killed doing it."
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