Many of Y'all will recall the insurance scam that we had a few years back. I received an email earlier today. Seems like the wheels of justice have turned! The same message has been sent to folks at NAHI,INACHI, AII, CREIA and FABI. They all had members that were scammed. Close to 2,700 home inspectors fell prey to it.
Dear Scott;
Please advise the the ASHI membership and all other groups of the following:
Michael Napadow was convicted last week in a jury trial in the US District Court, Northern District of Illinois (Chicago) of two counts of wire fraud and three counts of mail fraud for his nefarious "Nations Hazard Insurance" ripoff. The jury deliberated for less than one hour before reaching a verdict. Sentencing is scheduled for November 20, 2008 at 9:45 AM in the same court. He may still be pending further charges for a separate tax return scam he later operated.
Hopefully, he will not be in a position to rip off any more home inspectors for several years. Although the wheels of justice do turn slowly, they at least turn once in awhile.
I would have posted this myself, but it has been so long since I posted that I have forgotten all my passwords and user names on the various message boards.
Thank you for the opportunity to have served you in my small way.
Ted L. Bader, CFE
Chief Investigator, Legal Affairs Division
Office of Insurance Commissioner
POB 40255, Olympia, WA. 98504-0255
