Apparently, “ghost broking” is a big problem these days. It’s a scam where insurance that doesn’t exist is sold to people desperate for low premiums.
The story reports that police in London – the Insurance Fraud Enforcement Department (IFED) – have made 27 arrests in connection. The article says:
Police say those most often targeted are young people who are normally forced to pay such large amounts for genuine insurance that they jump at the chance to get what appears a good deal.
Reading into that, one has to conclude that those arrested were guilty of just that. However, I’d be very surprised if there wasn’t another common denominator involved.
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