Leaders Of One of The Largest No-Fault Insurance Frauds In New York History Sentenced To 15, 12, And Seven Years in Prison

www.Justice.gov,  Press Release, June 20, 2024

Damian Williams, the United States Attorney for the Southern District of New York, announced that PETER KHAIMOV, ALEXANDER GULKAROV, and ROMAN ISRAILOV were sentenced to 15 years, 12 years, and seven years in prison, respectively, by U.S. District Judge Paul G. Gardephe for crimes related to their orchestration of a $40 million fraud targeting No-Fault automobile insurance companies.  KHAIMOV previously pled guilty to one count of conspiracy to commit bribery, one count of conspiracy to commit healthcare fraud, and one count of conspiracy to commit money laundering and was sentenced on June 11, 2024.  GULKAROV previously pled guilty to one count of conspiracy to commit bribery, one count of conspiracy to commit healthcare fraud, and one count of aggravated identity theft and was sentenced on June 20, 2024.  ISRAILOV previously pled guilty to one count of conspiracy to commit healthcare fraud and one count of aggravated identity theft and was sentenced on May 23, 2024.

According to the Indictment, the Informations to which KHAIMOV, GULKAROV, and ISRAILOV pled guilty, their plea agreements, and statements made in court:  

New York and New Jersey No-Fault insurance laws require a driver’s automobile insurance company to pay automobile insurance claims automatically for certain types of motor vehicle accidents, provided that the claim is legitimate and below a particular monetary threshold.  Pursuant to these requirements, insurance companies will often pay medical service providers directly for the treatment they provide to automobile accident victims without the need to bill the victims themselves.  This process resolves automobile claims without apportioning blame or fault for the accident, thereby avoiding protracted disputes and the costs associated with an extended investigation of the accident. Continue Press release