For Immediate Release: January 2, 2013

Engagement Ring Leads to Arrest for Alleged Insurance Fraud

RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Nathan Daniel Cooperman, 40, of 218 First Ave., New York, N.Y.; he is charged with one count each of insurance fraud and obtaining property by false pretense.

Department of Insurance criminal investigators allege that on Aug. 25, 2007, Cooperman submitted a fraudulent claim to Travelers Claims Hartford Auto for the loss of a $50,000 engagement ring stolen during a burglary of his residence in Durham. Travelers settled the claim with a payment of $49,200 to Cooperman, who has since relocated to New York. Investigators allege that the engagement ring was not stolen, but given to his ex-fiancé, who still had the ring and reported the malfeasance to the Department of Insurance.

Cooperman was arrested on Jan. 2 by the New York Police Department and is being held until he can be extradited to North Carolina.

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 2009, criminal investigators have received more than 14,000 complaints, resulting in more than 600 arrests, 333 criminal convictions and more than 110 pending court cases. These efforts have delivered more than $48.5 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 www.ncdoi.com.

--NCDOI--