Insurance Commissioner Responds To Concerns About Anti-Fraud Unit
OKLAHOMA CITY, Nov. 30, 2012 /PRNewswire/ -- Oklahoma Insurance Commissioner John D. Doak issued the following statement in response to reported concerns about the department's Anti-Fraud Unit.
"I'm happy to address any concerns people may have. I am very proud about what our Anti-Fraud Unit is doing, especially since it doesn't come at taxpayer expense. The Unit includes former OSBI agents, Tulsa homicide detectives, and other long-time law enforcement veterans. They are some of the most experienced criminal investigators in the state of Oklahoma. They investigate serious crimes including embezzlement, exploitation of the elderly and fraud. We've had cases where victims lost their life savings. We helped track that individual all the way to Florida where he was arrested. Our investigators also respond to natural disaster scenes, looking for unscrupulous contractors and making sure vulnerable consumers aren't victimized for a second time. Protecting Oklahomans is my top priority. I will do whatever I can to keep them and my investigators safe. The best part about the Anti-Fraud Unit is that it's funded by fines, penalties and multi-state settlements, not taxpayer dollars."
Facts about the Oklahoma Insurance Department (OID)
- In the last two years, the OID has returned $10 million to the state that the OID was legally authorized to spend.
- In FY 2011, the OID deposited $121,055,455 into the General Revenue Fund, $59,884,843 into the Firefighter's Pension Fund and $24,648,957 into the Police Pension Fund.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV