March 4, 2021, SAN JOSE, Calif. — Steven Gargiulo, 30, of San Jose, was arraigned yesterday on multiple felony counts of insurance fraud and forgery after allegedly providing an altered auto repair receipt and bank statement to his insurance company in an attempt to receive an inflated insurance payout.
On June 12, 2020, Gargiulo reported to his insurance company that in February 2020 his 2017 BMW 650i had been hit and damaged while parked and unattended. Gargiulo took his vehicle to a body shop in Santa Clara where he was initially given a repair estimate of $2,237. However, Gargiulo said he would pay primarily in cash and out-of-pocket, which brought his repair estimate down to $1,200.
NICB assisted with this investigation.