Ghost Broker

<p>A ghost broker is a fraudster who presents him/herself as a legitimate insurance broker. He/she takes payment from a customer for an insurance policy, then buys the policy from an actual insurer with fraudulent payment information. After receiving proof of insurance from the company, the ghost broker passes it on to the customer, but when the check doesn&rsquo;t clear or the credit card is found out to be stolen, the insurer cancels the policy and the customer is unaware.</p>