Tim Fargo

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Tim Fargo is an American author, keynote speaker, angel investor and entrepreneur. He is the author of Alphabet Success and Claimants and Lies and Videotape - A Claim's Handler's Guide to Surveillance. Fargo is best known for co-founding insurance fraud investigative company, Omega Insurance Service in 1996, that became the second biggest insurance fraud investigative company in the United States, [1] [2] acquired by First Advantage in 2003 for $20 million. [3] [4] [5] He currently serves as the President of Hammerfest Corp and writes for The Los Angeles Times, St. Petersburg Times, Business Insurance, Claims Journal and Claims magazine [6] on the insurance sector.

Contents

Career

Fargo earned an MBA in finance from the University of Miami School of Business. He started an event management company, Fargo Events in late 80's. [7] [8] In 1996 Fargo with his partner co-founded Omega Insurance Services company from his home. [3] The company has grown from three operation to over 300 employees within five years became the second biggest insurance fraud investigative company in the United States. [9] Omega Insurance service was listed in Inc. magazine's Top 500 Fastest Growing Companies during 2002 and 2003. In 2003, Omega insurance services was acquired by First Advantage Corporation for $20 million [3] and rebranded it to First Advantage Investigative Services, in which Fargo served as President for one year. [10] He has spoken on investigative techniques and acted as a moderator at insurance conferences in 2001. He is an adviser and investor in the insurance start-ups and early-stage companies. In 2015, Tim launched a new start up called Tweet Jukebox, a Twitter application and service designed to assist with scheduling tweets which has garnered attention from Forbes, [11] Inc [12] and Social Media Examiner. [13]

Books

Fargo has authored two books, the first book Alphabet Success was published in 2013 distilled the lessons of his journey from bankruptcy in 1991 to the founding and growth of Omega Insurance Services. The book focus on the key aspects of his past that drove him and the business towards the goals. Fargo's second book Claimants. Lies and Videotape - A Claim's Handler's Guide to Surveillance, was focused on the proper use of examination and techniques in detecting and documenting insurance fraud.

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References

  1. Cobbs, Chris (May 24, 2005). "Video Busts Insurance Cheats". Lakeland Ledger . Retrieved 26 October 2014.
  2. Stewart, Alan (December 12, 2002). "How did Fargo hoped home based company into $10 Million business in 6 years". NY Times.
  3. 1 2 3 Kris Hundley (December 9, 2002). "Video surveillance is an effective weapon against workers' comp fraud for a St. Petersburg company" . Retrieved 25 October 2014.
  4. "First Advantage acquires Omega Insurance". Milwaukee Business Journal. Sep 11, 2003. Retrieved 26 October 2014.
  5. "Overview of Omega Insurance Services, Inc". Businessweek . Retrieved 26 October 2014.
  6. "Getting the Most from Outside Investigations". Claims Magazine. Archived from the original on April 5, 2001. Retrieved 26 October 2014.{{cite web}}: CS1 maint: unfit URL (link)
  7. Ana gascon (Nov 13, 1989). "Scavengers Stalk Great Boca Clues". Boca Raton News . Retrieved 26 October 2014.
  8. "Historical Society Plans A Departure Into Legend". Boca Raton News. Nov 6, 1989. Retrieved 26 October 2014.
  9. Kris Hundley (September 12, 2003). "Screening company sniffs out new deal". St Petersburg Times . Retrieved 26 October 2014.
  10. Ballot, Michelle (Feb 12, 2005). "Tim Fargo, saga of struggle and success from nothing $10 million business". Los Angeles Times .
  11. Elaine Pofeldt (November 30, 2015). "This Fast-Growing Startup Is Taking Twitter Back To The Jukebox Era". Forbes . Retrieved 5 January 2016.
  12. Bill Carmody (July 12, 2015). "For Maximum Growth, Have Confidence in Your Competency". Inc. Retrieved 5 January 2016.
  13. Kerry Butters (July 28, 2015). "5 Twitter Tools to Boost Your Productivity". Social Media Examiner . Retrieved 5 January 2016.