A Florida man was arrested after fraudulently submitting 41 vehicle insurance applications on luxury vehicles that he never owned, according to an announcement yesterday by the state’s Chief Financial Officer Blaise Ingoglia.

He allegedly attempted to defraud $206,000 by requesting a full refund of his premium.

The Department of Financial Services Criminal Investigations Division (CID) investigators discovered that the man, Adam Otrok, used counterfeit and fictitious personal identification information to submit vehicle insurance applications. He would then stop the premium payment from his insufficiently funded bank account, investigators said.

The man would allegedly request a refund before the auto insurance company became aware of the invalid payment.

The investigation confirmed that he attempted to defraud the company of $206,000 and successfully obtained $44,704 in fraudulent funds.

Arrested earlier this month, he faces the following charges: 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.

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