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What is Insurance Fraud? - South Carolina Criminal Defense

Apr 05, 2022

Insurance Fraud is a charge that can carry severe consequences if someone is convicted. A conviction, even an accusation, of fraud can seriously affect your life, career, and family. There are both state and federal charges that can be brought against someone for this type of fraud.


Peter McCoy can help you fight these charges. Peter has dealt with numerous fraud charges as both a prosecutor and a criminal defense lawyer. He knows the ins and outs of the law and how investigators and prosecutors work. If you are located in Charleston or anywhere in South Carolina contact us today to get started with your defense.


Is Insurance Fraud a Felony?

Insurance Fraud is an umbrella term. Although there are statutes on the books that pertain to insurance fraud there can be more than one charge brought forth as part of an investigation or a whistleblower’s claim. What does this mean? It means that if you are being targeted by prosecutors you can be charged with both felony and misdemeanor charges. This is serious. Felony charges can come with large fines, restitution, jail time, and more. You might be forced to resign from professional organizations and you can lose the ability to possess a firearm. 


Insurance Fraud Penalties

Insurance fraud is the act of deceiving an insurance company for a personal monetary benefit. Insurance fraud can be thought of as both ‘soft’ and ‘hard’ deception. Exaggerating the value of something, like stolen property, can be thought of as soft fraud. While purposefully creating a scheme of defrauding an insurance company might be ‘hard.’ Any realm or insurable thing can be subject to fraud like a house, car, company, etc.


South Carolina law divides insurance fraud between two categories. Fraud under $10,000 is a misdemeanor. Fraud over $10,000 is a felony. Felony insurance fraud could land someone 10 years in jail along with fines of up to $100,000. 


Insurance Fraud Lawyer - Charleston, SC

If you have been accused, charged, or believe you are under investigation for insurance fraud then you should retain a fraud defense attorney. Insurance Fraud cases can be difficult to handle and they often include complex statutes and situations. Investing in the proper legal defense could save you from years behind bars and crushing fines. Being involved in a protracted legal battle is not easy but Peter McCoy can handle it. Peter has spent years dealing with fraud cases as both a prosecutor and defense attorney. His experience in South Carolina law and its legal processes is matched by few attorneys. Contact us today by clicking here. 

Federal Corporate Fraud: What You Need to Know

08 Sep, 2023
The world of business can be exhilarating, offering opportunities for growth, innovation, and financial success. However, it's important to acknowledge that the corporate realm isn't immune to illegal activities. Among these is the intricate web of corporate fraud, which can entangle unsuspecting individuals in serious legal troubles. At The McCoy Law Group, we know how easily individuals can find themselves embroiled in corporate crime, and the complexities surrounding corporate fraud cases. We’re here to offer pertinent information and reliable legal guidance should you need it. Here is what you need to know should you find yourself accused of this corporate crime.

Uncovering Fraud: A Guide to Federal Qui Tam Cases

14 Aug, 2023
Have you ever come across fraudulent activities that are harming the government? If so, you might have the power to bring these wrongdoings to light and make a significant impact. This is where "qui tam" comes into play – a powerful legal tool designed to fight fraud against the government. The prospect of filing a lawsuit against an employer, a client, or someone of a higher position than you may seem intimidating and worrying, but it is your moral obligation to report any wrongdoing. With qui tam and the McCoy Law Group at your side, rest assured that your case will be handled effectively and with the utmost protection of your rights. We are here to guide and support you in your journey to reveal fraud and protect the public interest.

Understanding the Federal Crime of Insurance Fraud

11 Jul, 2023
Insurance fraud has existed since the inception of insurance itself. Consequently, it is one of the better-known white-collar crimes within the American legal system. Although insurance fraud does not carry the most severe penalties, being convicted of this crime can still significantly impact your daily life. It can lead to fines, imprisonment, and other sanctions. At McCoy Law Group, we understand the gravity of insurance fraud allegations and the impact they can have on individuals and businesses. If you are facing federal charges related to insurance fraud, take immediate action and seek the guidance of our experienced federal criminal defense attorney.

Defending Against Federal Mortgage Fraud Charges in South Carolina

13 Jun, 2023
Facing federal mortgage fraud charges can be overwhelming and have serious consequences. Because the penalties for conviction can be severe, it is crucial to have capable and experienced legal representation on your side. At McCoy Law Group, we understand the complexities of these cases and the impact they can have on your life. If you find yourself charged with federal mortgage fraud, it is crucial to act promptly to protect your rights.

South Carolina Drug Crimes: Classifications and Possible Resolutions

23 May, 2023
Drug crimes in South Carolina are taken very seriously. Even if you have no prior criminal record or if the drugs don't belong to you, you could still face severe punishment when convicted of a drug crime. If you or someone you know is facing drug crime charges, it's crucial to understand the legal implications and your options for defense. At McCoy Law Group, our experienced drug crime lawyer can provide you with the guidance and support you need to build a successful defense and the best possible outcome for your specific situation.

Navigating Embezzlement Charges in South Carolina

08 May, 2023
Embezzlement is a serious crime that can have significant consequences for those who are accused. If you or someone you know is facing embezzlement charges, it's important to understand the law, your rights, and the options available to mount a strong defense. At The McCoy Law Group, we are here to help you navigate this challenging situation and fight for the best possible outcome.

Felony DUI in South Carolina: What You Need to Know

27 Apr, 2023
Driving under the influence (DUI) is a serious offense in South Carolina that can have severe consequences. Not only can it lead to imprisonment and fines, but it can also result in a permanent criminal record that can affect your employment prospects and reputation. DUI laws aim to keep our roads safe by penalizing drivers who operate a vehicle while under the influence of alcohol or drugs. While DUI is a misdemeanor in South Carolina, felony DUI is an even more severe offense. If you or a loved one has been charged with felony DUI in South Carolina, it is crucial to contact the McCoy Law Group as soon as possible. Our experienced legal team is here to help you navigate the complex legal process and achieve the best possible outcome for your case.

When Retaliation Strikes: Protecting Whistleblowers’ Rights

03 Apr, 2023
As a whistleblower, you have the right to report tax fraud, and it's important to do so for the good of society. But what happens if you're retaliated against for doing the right thing? Our firm understands how scary it can be to come forward and report fraud. That's why we want you to know that you have rights and protections under South Carolina law. We also have reliable whistleblower retaliation lawyers ready to fight for you if you experience retaliation.

Tax Whistleblower Cases: Why Blow the Whistle?

15 Mar, 2023
Tax fraud is a serious crime that can cause significant damage to the economy, and those who commit it can face hefty fines and even jail time. Fortunately, the law provides a way for individuals who have information about tax fraud to report it to the authorities and receive a reward for doing so. These individuals are called tax whistleblowers, and they play a crucial role in helping to identify and prosecute tax fraud. At the McCoy Law Group, we understand the importance of tax whistleblowers in uncovering tax fraud, and we are committed to helping individuals who have information about tax fraud to come forward and report it. Peter McCoy, the founder of our firm, is a seasoned attorney who has spent his career fighting for justice and upholding the law. As a former United States Attorney and former member of the South Carolina State House of Representatives, he has the experience and expertise needed to help whistleblowers navigate the complex process of reporting tax fraud.

The Importance of Product Liability Cases

01 Mar, 2023
Product liability is an area of law that holds manufacturers, distributors, and sellers responsible for placing dangerous or defective products on the market. When these products cause someone to get hurt or injured, product liability lawsuits are legal actions that the injured parties can take against those responsible. Peter McCoy and the McCoy Law Group represents clients who have been injured as a result of defective products, and we fight to ensure that our clients receive the compensation they deserve. If you or someone you know has been injured due to a defective product, it is important to contact a product liability attorney as soon as possible. At the McCoy Law Group, we offer free consultations to potential clients, and we can help you determine whether you have a valid claim. We encourage you to contact us today to discuss your case and learn more about your legal rights. 
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