N.C. Insurance Commissioner Wayne Goodwin recently announced the arrest of Peter Jay Raposa, 44, of 224 Asheland Road, Ellenboro, N.C.; he is charged with one count of insurance fraud.
Investigators allege that in February 2006, Raposa reported his 2005 Harley Davidson custom motorcycle stolen and filed a claim with Nationwide Insurance. The claim was settled with a $25,000 payment to the lien holder, First Citizens Bank, and a $4,000 payment to Raposa. In January 2012, the motorcycle was found buried on property where Raposa lived in 2006. The current property owner was having grading work done when her contractor discovered the motorcycle.
Raposa was arrested on March 22 in Polk County and released by the magistrate after posting the $2,500 bond. He is expected to return to court on April 11.
– article submitted by the N.C. Dept. of Insurance