Regulators warn of national insurance scam after Johnson City man loses thousands


WITH A SCAM ALERT… TEARSA: STATE OFFICIALS WARNING CONSUMERS ABOUT A NATIONAL INSURANCE SCAM. DOUG SO FAR VICTIMS HAVE BEEN IDENTIFIED IN THREE STATES INCLUDING TENNESSEE… WHERE A JOHNSON CITY MAN SAYS HE LOST 18 THOUSAND DOLLARS TO SCAMMERS. TEARSA: WE’RE TOLD THE SCAMMERS CALL PEOPLE WHO HAVE BEEN LOOKING ONLINE FOR LOAN INFORMATION. THEY’VE BEEN USING THE NAME VAL TAYLOR INVESTMENTS… SAYING THEY CAN ARRANGE A LOAN… BUT FIRST YOU HAVE TO BUY “LOAN PAYMENT PROTECTION INSURANCE”. THE STATE DEPARTMENT OF COMMERCE AND INSURANCE SAYS THIS IS FAKE.. AND YOU SHOULD NOT SEND THEM ANY MONEY OR PROVIDE ANY PERSONAL INFORMATION. TEARSA: OUR OWN DON DARE HAS COVERED A SIMILAR STORY RIGHT HERE IN EAST TENNESSEE. A HARRIMAN WOMAN’S BANK ACCOUNT WAS DRAINED BY SCAMMERS CLAIMING TO WORK FOR A LOAN COMPANY. SHE’S LUCKY – THE COMMUNITY GAVE BACK TO HELP MAKE SURE SHE COULD PAY RENT. DOUG IS IT REALLY FRIED CHICKEN… IF IT’S NOT TECHNICALLY CHICKEN?

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