North Carolina Insurance Commissioner Mike Causey today announced the arrest of Udayakumar Reedy Vadlatala, 43, of 416 Parlier Drive, Apex. Vadlatala was charged with insurance fraud and attempting to obtain property by false pretense, both felonies.
Special Agents with the Department of Insurance’s Criminal Investigations Division accuse Vadlatala of altering documents in an attempt to obtain $146,681.14 in an automobile insurance claim with National General Insurance Co.
According to the arrest warrant, Vadlatala altered documents for medical procedures and verification of lost wages, along with providing fraudulent photos of damaged items to support his claim.
The offenses occurred between Feb. 15, 2018, and Nov. 6, 2020.
Vadlatala was arrested on Nov. 6 and released under a $30,000 unsecured bond.
Commissioner Causey estimates fraud costs North Carolinians between 15 and 20 cents on every dollar paid on insurance premiums, maybe more. That’s why he has cracked down on this white-collar crime by boosting the NCDOI Criminal Investigations Division.
Over the past two years, CID Special Agents recovered $7.5 million in damages – money that was returned to consumers and insurance companies. The restitution also helps preserve insurance rates.
To report suspected fraud, contact the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.gov.