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      New York Arrests 16 in Crackdown on Staged Insurance Crashes

      New York state investigators arrested 16 people accused of staging car crashes and faking injuries to collect nearly $500,000 from insurers, one of the first major enforcement actions since Governor Kathy Hochul made auto insurance fraud a focus of her effort to lower costs for drivers.

      Source: Bloomberg
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud