Public Adjuster Admits Fleecing Clients of Nearly $700k

A Main Line public adjuster has admitted to pocketing nearly $700,000 in insurance proceeds that he owed to numerous claimants, some of whom incurred damages to their homes or businesses during Hurricane Sandy.
Marshall Stephen Perlman, 71, of the 2600 block of Naudain Street, Philadelphia, pleaded guilty in Montgomery County Court on Friday to charges of insurance fraud, theft by failure to make required disposition of funds received, theft by deception, forgery, identity theft and deceptive business practices in connection with thefts, totaling about $698,000, that occurred between 2010 and 2013 while he did business as Claimstar Inc.