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
The guest had to promise on camera to share the profits with her friend who gifted the item.
16 hours ago
Harvey just couldn't seem to understand what Giuliana Rancic's mother was saying.
17 hours ago
Harvey had to take a moment to school the contestant on how the game is played.
19 hours ago
It seemed like Veronica forgot she was holding the host's hand after the win.
20 hours ago
The owner of the Jean-Michel Basquiat Oil Stick Painting made it clear that it wasn't going anywhere
21 hours ago
The player, Jason Warren missed out on taking home more than $86,000.
22 hours ago
The TikTok creator @thebiteo87 stirred a debate on social media by exposing the new tactic.
1 day ago
Harvey couldn't believe what the NFLPA stars would choose for their wives to wear
1 day ago
Harvey barely held on to the podium after hearing the answers that shook him.
1 day ago
The celebration was justified as Joseph won a brand new car on his birthday.
2 days ago
The player, Shaunica Amantine missed out on taking home over $82,000 over the seemingly tough puzzle
2 days ago
After nearly losing a brand new car, Dylan got a second chance to take it home.
2 days ago
The seller Robert, chose to keep to his one-of-a-kind Boba Fett prototype, expecting to get more.
3 days ago
The player, Cherie Noisette, missed on out taking home more than $61,000 in prizes.
3 days ago
The seller refused to accept a lowball bid for his signed, rookie Mickey Mantle card.
3 days ago
Harvey couldn't relate more with the contestant and demanded the response to be number 1.
3 days ago
The player also brought her husband along on the stage to support her.
4 days ago
The guest who had very little idea about the Sun Valley poster was beyond delighted.
4 days ago
The FSIS announced at least five people were injured from consumption of the affected products.
5 days ago