Chief Financial Officer Blaise Ingoglia announces arrest of Florida man accused of attempting $206,000 vehicle insurance fraud scheme

Tallahassee, Florida – Florida Chief Financial Officer Blaise Ingoglia has announced the arrest of a man accused of carrying out a vehicle insurance fraud scheme involving dozens of applications for luxury vehicles he allegedly never owned.

Adam Otrok was arrested on August 6, 2026, following an investigation by the Florida Department of Financial Services Criminal Investigations Division. According to investigators, Otrok submitted 41 vehicle insurance applications using counterfeit or fictitious personal identification information.

The alleged scheme involved insurance premiums and refund requests. Investigators said Otrok would submit applications for coverage on luxury vehicles and then stop payment of the premiums through an insufficiently funded bank account.

He would then request a refund before the insurance company discovered that the payment was invalid, according to the Department of Financial Services.

Investigators determined that Otrok allegedly attempted to defraud an insurance company of approximately $206,000 for his own financial benefit. Of that amount, he allegedly succeeded in obtaining $44,704 in fraudulent funds.

The investigation was conducted by the department’s Criminal Investigations Division, which uncovered what authorities described as a repeated pattern involving false information, unpaid insurance premiums and refund requests.

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Chief Financial Officer Blaise Ingoglia said, “Florida has long been the law-and-order state, but we are now making it the anti-fraud state. If you want to commit financial crimes, my investigators will be close behind you. Fraudsters beware—your crimes will not go unpunished in Florida.”

Otrok now faces several criminal charges related to the alleged scheme. Authorities charged him with organized scheme to defraud, insurance fraud, grand theft and fraudulent use of personal identification.

If convicted, Otrok could face up to 10 years in prison.

The charges stem from the investigation into the insurance applications and the alleged attempts to obtain refunds despite the payments not being valid. Investigators said the use of counterfeit and fictitious personal identification information was an important part of the alleged operation.

The case highlights the work of the Department of Financial Services’ investigators in pursuing suspected financial crimes involving insurance. Fraud can take a variety of forms, and the department investigates allegations involving insurance and other financial activities in Florida.

According to the department, Otrok’s alleged actions were not limited to a single insurance application. Investigators identified 41 applications involving luxury vehicles, even though Otrok allegedly did not own the vehicles listed.

The alleged process allowed him to seek refunds before the insurance company had determined that the original payments were invalid. Investigators said this resulted in $44,704 being obtained fraudulently.

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The larger amount of $206,000 represents the total amount investigators said Otrok attempted to defraud from the company.

The arrest followed the department’s investigation, but the criminal case is not yet finished. Otrok has been charged, and the allegations will proceed through the legal system.

Prosecution of the case falls under the jurisdiction of the Broward State Attorney’s Office.

The Department of Financial Services is also reminding members of the public that suspected fraud can be reported to state authorities. The department encourages anyone with information about possible fraudulent activity to report it through FraudFreeFlorida.com.

Officials say reporting suspected fraud can help investigators identify schemes and gather information needed to pursue cases.

The arrest comes as Florida officials continue to emphasize efforts against financial crimes and insurance fraud. Insurance-related fraud can involve false applications, fabricated information or attempts to obtain money through improper claims or refunds.

In this case, investigators allege that the scheme relied on multiple applications and the use of false personal information. The investigation ultimately resulted in criminal charges against Otrok.

The department has not indicated that anyone else has been charged in connection with the case. The information released by officials concerns Otrok and the allegations against him.

For now, the case will move forward under the Broward State Attorney’s Office. Otrok remains accused of the offenses listed in the charges, and a conviction would require the allegations to be proven in court.

The Department of Financial Services said its investigators will continue pursuing financial crimes in Florida. Ingoglia’s statement also made clear that the state intends to take an aggressive approach toward people suspected of attempting to defraud insurance companies.

The investigation into Otrok began with a series of insurance applications and eventually uncovered an alleged effort to obtain hundreds of thousands of dollars through invalid payments and refund requests. Investigators say $44,704 was successfully obtained before the alleged scheme was uncovered.

As the prosecution proceeds, authorities will continue to examine the circumstances surrounding the applications, payments and refunds. The case remains under the jurisdiction of the Broward State Attorney’s Office.