The owner of a Shakopee insurance firm has pleaded guilty to falsely claiming his wife’s $6,000 wedding ring as missing through two different insurance companies.
Andrew Reiffenberger, owner of River Valley Insurance Group, was sentenced to two years probation and ordered to pay $6,031 dollars in restitution. Originally charged with a felony, Reiffenberger pleaded guilty on March 23 to gross misdemeanor insurance fraud in Scott County District Court.
In December 2009, Reiffenberger filed an insurance claim that his wife’s wedding ring was accidentally thrown out, and was paid the full value of the ring. He attempted to file a similar claim through a different insurance company in 2011, but was told the claim needed to be further investigated.
Investigators discovered the fraud when they showed the ring’s certificate of value to the jeweler it was purchased from, and he confirmed that dates had been altered from the 2002 date on which the ring was originally bought.