LOS ANGELES — Glendale attorney John Akopian pleaded not guilty Tuesday to 38 counts of money laundering, possession of an assault weapon and grand theft in an auto insurance fraud investigation that prosecutors said netted one of the largest such busts in recent history.
Akopian, 37, and three other Los Angeles attorneys and four chiropractors collectively face more than 150 counts of insurance fraud, grand theft of personal property, and false and making fraudulent claims.
They are accused of defrauding 15 insurance companies by filing false claims for staged accidents. The case involves 28 defendants.
“It’s white-collar crime; [it’s] not really a recession thing,” said Los Angeles County Deputy District Atty. Gregory Alker. “They’ve been doing it for years.”