Mechanic spared prison over €4 million insurance scam

Acting as an intermediary, he referred people who took out policies made on false information

Mechanic spared prison over €4 million insurance scam

Victor Titov, a 48-year-old mechanic, has been given a two-year suspended sentence at Dublin Circuit Criminal Court for referring others to buy fake motor insurance policies.

He referred people from the Moldovan community to the main culprit, Egidijus Aleliunas, who was sentenced to five years in prison for money laundering, deception, and fraud offences.

Aleliunas made almost €500,000 from selling false insurance policies, while Titov made between €500 and €700 over 18 to 24 months via a €50 referral fee. Titov was responsible for losses of almost €7,000 incurred by seven policy holders.

The court heard that Titov did not carry out the functions of a ghost broker himself, but acted as the intermediary in the scheme.

Source: Irish Independent

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