I don't see how vehicle damage could be 'faked' like injuries.
The thing that was stupid about Ragu was that he knew the other guy caught the collision on camera and that he was going to deny responsibility, but went ahead a filed a claim anyways? Also, I think the video went viral before he would have had a chance to ever visit a clinic where he could get checked for injuries, even fake ones.
So I think there's another "collision" that he's claimed which is the source of the fraud charge.
What he did not realize was that it was gonna be posted online. If only the victim knew about it, then, he would most likely get away.