Australian Charged With Insurance Fraud After Police Find His 1976 Corvette


Australian Charged With Insurance Fraud After Police Find His 1976 Corvette

A maroon 1976 Corvette that was supposedly washed away by floodwaters in Australia has apparently resurfaced.

That might normally be good news for the owner.

In this case, however, Mark Richmond Jeffcoat, 51, instead faces charges of dishonestly obtaining financial advantage by deception and publishing false misleading information to obtain financial advantage.

According to reports in the South Coast Register, Jeffcoat told his insurance company, Shannons, that his Corvette, valued at $34,600, was in a shipping container and was washed away when floodwaters covered his property next to the Shoalhaven River.

However, when police began investigating fraudulent reports of stolen and destroyed vehicles in the Nowra area and executed search warrants at three locations, they seized eight vehicles that had been reported stolen or destroyed.

Among those eight vehicles were Jeffcoat’s Corvette and his 1996 Harley-Davidson Heritage Softail Special for which he had received $22,360 from Shannons after he had reported that it was stolen.

Besides the two previously mentioned charges, Jeffcoat also faces six charges for unauthorized weapons after police found two unregistered firearms and ammo during the searches.


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