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Las Vegas business owner admits faking robbery for insurance money

Original: Las Vegas business owner pleads guilty to faking armed robbery for insurance

A Las Vegas business owner has pleaded guilty to staging an armed robbery at his business in order to fraudulently collect an insurance payout. The plea was reported by Las Vegas ABC affiliate KTNV. Prosecutors say the alleged robbery was fabricated. Details on the business involved, the amount claimed and the sentencing the owner now faces have not been released in the initial report, but the guilty plea itself is confirmed.

Why now: Insurance fraud cases involving staged crimes and guilty pleas draw local public attention, particularly when a business owner is involved.

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