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Southern California Jewelry Store Owner Scams Insurance Company

Lior Bitton, a Los Angeles jewelry store owner, has recently pleaded guilty for scamming an insurance company. Bitton received $99,000 in insurance after claiming one of his 4 carat diamonds was stolen in a robbery back in January. The diamond was never stolen.

Bitton received five days in jail, 90 days of home confinement and three years probation along with having to pay back the insurance company TWICE the amount that he stole. “He had a clause in the contract that if there was fraud he had to pay double,” Lockhart said. “So he was double whacked because of that clause in the contract.”

While it sounds like he’s getting a great deal of punishment (being double whacked), Bitton will not receive what could have been 5 years in prison time because of his agreement to pay the money back. District Attorney Matt Lockhart said that he didn’t want Bitton to go to prison so that he could work to pay the rest of the money off.

Source: Beverly Hills Courier

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Mike Spicer / 714-255-5650 / mike@allcountyins.com

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