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Las Vegas business owner admits faking armed robbery for insurance

Original: Las Vegas business owner pleads guilty to faking armed robbery for insurance

A Las Vegas business owner has pleaded guilty to staging an armed robbery in order to fraudulently collect insurance money, according to KTNV. The plea resolves the case in which the owner falsely reported being robbed. Staged robbery schemes aimed at insurance payouts are typically prosecuted as felony fraud, carrying fines and possible prison time. Details about sentencing and the amount allegedly claimed have not been disclosed.

Why now: The guilty plea is a recent court development in a local fraud case that drew public attention.

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