Florida Man Arrested on Multiple Felony Fraud Charges in Alleged Insurance Scheme, Records Show
www.bocaratontribune.com, Online Staff M, January 8, 2026
A Florida man was arrested Wednesday evening following an investigation into an alleged large-scale fraud scheme involving insurance claims and false statements, according to records released by the Florida Department of Financial Services.
The suspect, identified by authorities as Isaac Angel Cruz, was taken into custody on multiple felony allegations, including insurance fraud involving amounts between $20,000 and $100,000, making false statements in a receivership-related report, fraudulent swindling to obtain property valued at $50,000 or more, and grand theft involving sums of $20,000 or more but less than $100,000.
The arrest was documented under Report No. 564558 and published at 5:26 p.m. on January 7, 2026, records show. The case was filed by the Florida Department of Financial Services, the agency responsible for investigating financial crimes, insurance fraud, and related offenses statewide. Mr. Cruz is listed as a White male. No date of birth or further identifying details were included in the publicly released information.
Authorities did not disclose specifics about the alleged scheme, including the type of insurance involved, the duration of the investigation, or whether additional suspects may be under review. Cases involving alleged financial fraud of this scale are often the result of lengthy inquiries and coordination between regulatory and law enforcement agencies.
Under Florida law, insurance fraud and grand theft involving high dollar amounts are felony offenses that can carry substantial prison sentences and financial penalties if convicted.
As with all arrests, the charges are allegations, not findings of guilt. Mr. Cruz is presumed innocent unless and until proven guilty in a court of law. Court records and information regarding legal representation were not immediately available.
The Boca Raton Tribune will continue to monitor official filings and report further developments as more information is released by authorities.
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News article: Florida Man Arrested on Multiple Felony Fraud Charges in Alleged Insurance Scheme, Records Show - The Boca Raton Tribune