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Huntington Insurance Broker Arrested

November 28, 2017

 

Nassau County District Attorney (DA) announced that Huntington insurance broker (with Hicksville offices) Sardar Nasarullah, 62, has been arrested for using stolen identities to illegally acquire auto insurance policies. Nasarullah was recently arraigned before Judge Paul Meli and charged with: Two counts of Grand Larceny in the Third Degree, Two counts of Insurance Fraud in the Third Degree, Five counts of Identity Theft in the First Degree, Three counts of Identity Theft in the Second Degree (an E felony), Four counts of Falsifying Business Records in the First Degree, and Scheme to Defraud in the First Degree.

 

Nasarullah was released on his own recognizance and is due back in court January 5th. If convicted of the top count he faces a maximum of 2-1/3 years to seven years in prison.

 

Additionally, his Hicksville-based business, Commercial Business Insurance Brokerage Corp. was arraigned yesterday before Judge Meli and charged with 17 felony counts. If convicted, the business faces a fine of up to $10,000 or double the defendant’s gain from the alleged crime. The business is also due back in court January 5th.

 

DA Singas said from June 22, 2006 to March 4, 2016 the defendant, a licensed insurance broker, and his business allegedly used stolen identities to defraud auto insurance companies by obtaining corporate policies instead of personal policies which carry higher rates and costs. To do this, the defendants allegedly submitted fake policy applications to the auto insurance companies, naming identity theft victims as the vehicle oper- ators. The defendants also allegedly list- ed the identity theft victims as the presi- dent of the corporations they had created. The corporations were created solely for fraudulent purposes, but were not fraudulent in and of themselves. The seven known victims were unaware that their personal information was being used. The defendants allegedly perpetrated this scheme to obtain insurance for customers who could not otherwise afford it or to obtain lower rates for drivers.

 

The defendants are charged with fraudulently obtaining corporate automo- bile insurance policies from multiple companies, including AutoOne Insurance, National Liability & Fire Insurance, Farm Family Casualty Insurance, Lincoln General Insurance, Progressive Northern Insurance, and Merchants Mutual Insurance resulting in a loss of at least $40,000 to the insurers. 

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