JAMESTOWN, N.C. — A Jamestown man was arrested for lying about his car being stolen, according to the NC Department of Insurance.
NC Insurance Commissioner Mike Causey announced Monday the arrest of Luis Castano, 41.
Castano was charged with felony insurance fraud, felony obtaining property by false pretense, and misdemeanor making a false police report to a police station.
Special agents with the NCDOI's criminal division say Castano lied to State Farm Insurance about his 2005 Honda being stolen from a home on Hill Street in Graham. The NCDOI says Castano actually hid the car at a location on N. Old 52 Road in Pinnacle.
According to the arrest warrant, Castano was given a rental car, costing around $700, as a result of the claim. The arrest warrant says he also made a false stolen car report to Graham Police.
NCDOI says the offenses happened between March 15, 2017 and August 8, 2018. High Point Police arrested Castano on August 24. He was released on a written promise to appear in court.
NCDOI says insurance fraud costs Americans approximately $80 billion dollars a year.
To report suspected fraud, contact the NCDOI Criminal Investigations Division at 919-807-6840.