For Immediate Release: January 11, 2012

Robeson County Man Arrested for Alleged Fake Home Burglary and Insurance Claim

Department of Insurance assists Robeson County Sheriff's Office with investigation

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Kenneth Neil Price, 50, of 429 Wilton Drive, Lumberton; he is charged with one count each of insurance fraud and obtaining property by false pretense.

Department of Insurance criminal investigators and Robeson County Sheriff's Office detectives allege that Price falsely reported a home burglary on July 7, 2010, and filed a fraudulent claim with Nationwide Insurance for a large amount of stolen personal property. Investigators and sheriff's office detectives allege that Price received $9,470.98 for the fraudulent insurance claim even though the personal items were not actually stolen.

Price surrendered to the Robeson County Sheriff's Office on Jan. 9. He was placed under a $5,000 unsecured bond and released.

The Department of Insurance employs 20 sworn state law enforcement officers dedicated to investigating and prosecuting claims of insurance and bail bonding fraud. Since Insurance Commissioner Wayne Goodwin took office in 2008, criminal investigators have received more than 13,500 complaints, resulting in 575 arrests, 320 criminal convictions, and more than 109 cases currently pending a court appearance. These arrests have resulted in more than $47.9 million in restitution and recoveries for victims.

An estimated 10 cents of every dollar paid in premiums goes toward the payment of fraudulent claims. To report suspected fraud, contact the Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at the Web site for the N.C. Dept. of Insurance.