A South Florida man, Luigino Jose Bosco, an illegal immigrant, faces a maximum of five years in prison following his arrest for allegedly using stolen identities to skim thousands of dollars in advance insurance commissions.
Investigation and Charges
The Florida Department of Financial Services Criminal Investigations Division (CID) took Bosco into custody after a statewide probe revealed he allegedly submitted fraudulent life insurance applications. According to state investigators, Bosco utilized the personal information of unsuspecting victims to secure $5,043.23 in advance commission payments from an insurance provider.
Following his arrest, investigators discovered that Bosco was also actively wanted by U.S. Immigration and Customs Enforcement (ICE). The state’s investigation began after an insurance company flagged a series of suspicious applications and filed a formal complaint.
CID investigators subsequently gathered evidence and secured sworn statements from the identity theft victims, which ultimately exposed the financial scheme. State officials used the arrest to signal an ongoing, aggressive stance against financial crimes across the state.
Florida Chief Financial Officer Blaise Ingoglia stated, ‘Let this arrest serve as a warning. Whether you are here legally or illegally, Florida is not the place to run your fraud scheme. If you think you can steal someone’s identity, falsify applications, and profit off of unsuspecting Floridians, think again.’ Bosco has been formally charged with insurance fraud, application fraud, grand theft, and an organized scheme to defraud.
Original reporting: Tampa Free Press — read the source article.
