S. Korea uncovers biggest insurance fraud

1
S. Korea uncovers biggest insurance fraud
2
SEOUL - South Korean financial regulators said
Thursday they had uncovered the country's biggest
insurance fraud, involving more than 1,300 people
and three hospitals.

3
The scam was carried out by 1,361 people
including 31 insurance workers, the Financial
Supervisory Service said.
4
Residents of the southern province of Gyeongsang
posed as fake patients or exaggerated their
illnesses to claim a total of 9.51 billion won
(10.36 million) from insurance firms, it said,
adding 893 women were involved.
5
Last November, police uncovered a similar
insurance fraud involving more than 400 people in
Taebaek, a mining town in the eastern province of
Gangwon.