Man charged with insurance fraud over Rolex in Washington

A man in Washington has been charged for insurance fraud over a false claim of ‘lost’ luxury Rolex watch.

The man named Christopher Michalke of Seattle, WA was charged for filling a false insurance claim for a Rolex watch valued at $14,753.  .

Michalke in August 2019 purchased a valuable personal property insurance policy from USAA which was meant to cover his Rolex Submariner, bought at the cost of $14,753 in 2018.

According to the Mike Kreidler, the Washington Insurance Commissioner,  Michalke in August 2020 filed a claim with USAA  alleging that he lost his Rolex wrist watch while he was wakeboarding on Lake Washington some three days prior

This claim was later discovered to be an Insurance fraud by a USAA investigator in Washington who found evidence that Michalke had sold his Rolex wrist watch to a jewelry store, Bellevue Rare Coins, for $8,750 on August 28, 2020, barely 21 days after he had filed the claim.

Michalke’s claim was consequently denied by USAA and the case referred to the Criminal Investigation Unit (CIU) of the Washington Insurance Commission.

Following investigation by the CIU unit, Michalke was charged with one count of felony for a false insurance claim on a $14,753 Rolex in King County Superior Court.

He is scheduled to appear in court for hearing on October 25, 2021, according to a statement from the Washington Insurance Commissioner’s office.