An Iowa man was sentenced last week to ten years in prison after pleadin
g guilty to Insurance Fraud
(Class D Felony) and Fr
udulent Practice (Class D Felony), following an investiga
tion conducted by the Iowa Insurance Division’s Fraud Bureau.
Bryce Douglas Murphy, 33, of Peosta, provided false information to an ins
urance company regarding a l
oss claim for two Rolex watches, the investigation found.
The Fraud Bureau deter
mined that Murphy had sub
mitted a loss claim stating the watches were stolen from his hotel room while att
ending an NFL game. To su
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pport his claim, Murphy provided various documents, including a purchase receipt
for the watches.
However, the investigation
revealed that Murphy had previously filed a similar claim with another insura
nce company in 2019, for which he had received a payout of $9,998. Further examination uncovered tha
t the purchase receipt had been fabricated by Murphy and that the Rolex watche
s were counterfeit. Murphy was arrested on June 12, 2023.
Following his guilty plea
, Murphy was sentenced to ten years in prison and ordered to pay $2,395 i
n fines.
Source: Iowa Insurance Division