£15,000 in money seized throughout gadget insurance coverage fraud bust

The Insurance Fraud Enforcement Department (Ifed) has seized round £15,000 in money after issuing a warrant as a result of suspected gadget insurance coverage fraud.

Ifed officers executed the warrant as a part of an investigation into quite a lot of family claims made between late 2024 and early 2025 by the identical particular person.

Evidence means that claims have been being fabricated and sometimes concerned alleged injury to laptops and different devices.

The suspect is believed to have created the insurance policies, established the businesses concerned and submitted the claims himself.

This exercise is believed to have been designed to take advantage of insurers by submitting claims quickly after insurance policies have been taken out, with common values ranging between £3,000 and £5,000.

City of London police confirmed that the suspect linked to those claims has remained below investigation.

Nationwide crack down

This warrant was issued throughout every week lengthy intensification carried out by Ifed officers and focused people suspected of constructing false claims on insurance coverage insurance policies. 

Timed within the lead as much as Black Friday, the operation centered on fraudsters who claimed their cellphones, televisions and laptops had been broken with a purpose to safe payouts and fund newer fashions.

In flip, the intensive week of motion led to 17 ’stop and desist’ notices issued throughout the nation.

Simon Klust, detective inspector at Ifed, mentioned: “This intensification demonstrates our dedication to tackling insurance coverage fraud, significantly within the run‑as much as Black Friday when fraudsters try to take advantage of gadget insurance coverage insurance policies.

“Fraudulent claims not only harm insurers, but also drive up costs for honest policyholders. By working closely with industry partners, we are disrupting criminal networks and protecting the public from financial harm.”