ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Former Infielder Betancourt Faces Charges in Alleged Insurance Fraud Case

Yuniesky Betancourt, a former Major League Baseball infielder, has been arrested for an alleged insurance fraud scheme involving $61,000.
PUBLISHED APR 19, 2024
Cover Image Source; Yuniesky Betancourt of the Milwaukee Brewers | Getty Images | Photo by George Gojkovich
Cover Image Source; Yuniesky Betancourt of the Milwaukee Brewers | Getty Images | Photo by George Gojkovich

Former Major League Baseball infielder Yuniesky Betancourt has been arrested in connection with an alleged insurance fraud scheme, Miami-Dade Police reported. The former player, along with four others, is accused of orchestrating a staged car crash to collect $61,000 in insurance payouts, a common scheme in South Florida.

Yuniesky Betancourt #3 of the Milwaukee Brewers throws to first base against the Cincinnati Reds | Getty Images | Photo by Jamie Sabau
Image Source: Yuniesky Betancourt #3 of the Milwaukee Brewers | Getty Images | Photo by Jamie Sabau

Betancourt, 42, is a Cuban-born baseball player who spent nine seasons in Major League Baseball as a shortstop for some of the most famous teams. Baseball Reference reports that he earned over $15.7 million during his major league career.

The ex-MLB player is one of four individuals accused of orchestrating a plan to defraud a Chicago-based insurance company out of $61,000 by staging a car crash and filing false claims. Betancourt, along with Maura Perez, Nancy Mercedes Pena, and Abel Vera, reportedly faked an accident to collect insurance payouts from Kemper Insurance.

He now faces four felony charges, including filing false insurance claims, an organized scheme to defraud, faking an accident, and third-degree grand theft. Recently, he was released on a $1,000 bond.



 

Betancourt's arraignment hearing is scheduled for May 13. He is being represented by the Miami-Dade Public Defender’s Office. The 42-year-old Cuban athlete played for three Major League Baseball teams between 2005 and 2013. After exiting Cuba in 2003, he signed with the Seattle Mariners and debuted in the majors in 2005.

In 2009, he was traded to the Kansas City Royals and then moved to the Milwaukee Brewers ahead of the 2011 season. Betancourt returned to Kansas City in 2012 and then played his final MLB season with the Brewers in 2013. Betancourt also played professionally in Japan in 2014 and Mexico from 2015 to 2018. 

Yuniesky Betancourt #3 of the Milwaukee Brewers singles against the Atlanta Braves at Turner Field | Getty Images | Photo by Scott Cunningham
Image Source: Yuniesky Betancourt #3 of the Milwaukee Brewers | Getty Images | Photo by Scott Cunningham

In a similar incident, former Detroit Pistons player Will Bynum was sentenced to 18 months in prison on Tuesday for his involvement in an NBA insurance fraud scandal. Bynum, 41, was sentenced in Manhattan federal court after being convicted in November of conspiring to make false statements related to fraudulent dental and medical claims submitted to the NBA Players’ Health and Benefit Welfare Plan.

The case has led to convictions for more than 20 individuals, many of whom are former NBA players. In addition to his prison sentence, Bynum was ordered to forfeit $182,000 and pay restitution of the same amount.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Brandon Carr (@carrpediem21)


 

According to court documents, the former player participated in a scheme from 2018 to 2019 alongside other former NBA players such as Terrence Williams and Keyon Dooling to defraud the plan. Williams and Dooling, who previously pleaded guilty, have been sentenced to 10 years and 30 months in prison, respectively.

Furthermore, authorities reported that Bynum received fake invoices from another former NBA player, falsely showing $200,000 in medical services he allegedly received from a Los Angeles-area chiropractor, even though the services were never provided. U.S. Attorney Damian Williams stated in a release that Bynum "lied to the jury while under oath."

MORE ON MARKET REALIST
With slacking consumer spending and the 43-day shutdown, the GDP grew by just 1.4%.
1 day ago
Economist Joseph Stiglitz claimed no policy was helping boost blue-collar jobs amid automation.
1 day ago
Turns out a hug from James O'Halloran was worth more than the cash for Nikki.
1 day ago
Although the player was off in her guess by nearly $10, she had a buffer to work with.
1 day ago
Harvey was excited to learn how Amrett impressed his dates.
1 day ago
Sen. Sanders called out the “greed” and “arrogance” of California's richest in his latest speech.
2 days ago
The guest who wasn't even a fan of Dolphins, owned one of the most important souvenirs of the team.
2 days ago
The mayor and the DCWP has sent out warning notices to 187 big-name gyms and health clubs
2 days ago
The new rule proposed by the VA allegedly changed the basis of determining the benefits.
2 days ago
The guest admitted that she will be "very careful" with the watch once she got home.
3 days ago
New Zealand eased restrictions for its golden visa and Americans are dominating the applications
3 days ago
ZOA Energy agreed to settle a case alleging it misled customers with its zero preservatives claim
3 days ago
Despite being bald, Harvey knew some of the answers didn't make sense.
3 days ago
Yang claims if one company cuts workers, it will turn into a competition which will be devastating.
4 days ago
The President called it a "Democrat Shutdown" blaming his political opponents for stalling talks.
4 days ago
After learning about the item, Harvey politely requested everyone to never gift him that.
4 days ago
After spotting a contestant in an all white family, Harvey had to make sure he was doing okay.
4 days ago
The contestant, Alison Betts hedged a massive bet on her opponents getting the answer wrong.
6 days ago
While customers may benefit, U.S. automakers could suffer due to the cut-throat pricing competition.
6 days ago