Friday, November 18, 2011

Fraud Friday




Check out The Insurance Hall of Shame.

Here are a few excerpts....you won't want to miss the rest!


Burning with desire. Kenneth Allen led an arson ring that torched 50 homes and hauled in millions in bogus insurance claims, mostly in the Indianapolis and Muncie areas. Allen’s gang usually bought low-priced fixer-upper homes and loaded them with used furniture to inflate the claims.

Allen even recruited a crooked insurance adjuster to ensure the claims slid past the insurers. The scheme was so brazen that one home had no furnace oven or sink—but did have a big-screen TV, video game console and space heater all plugged suspiciously into the same outlet. Allen received four years.

Judging the judge. Elected appellate judge Michael Joyce collected $440,000 from auto insurers after lying that a 5 mph bumper bender left him in constant pain and virtually crippled.

But the Erie, Pennsylvania jurist went swimming, was an avid golfer, did in-line roller blading and went scuba diving in the Caribbean. Joyce also earned his pilot license and flew an airplane at least 50 times. And he passed the difficult pilot licensing test despite claiming he had brain damage that made it hard to think clearly. Joyce will be sentenced in 2009.
Triathlon tricks. Samuel Aaron Brabson claimed a car crash left him nearly crippled and largely confined to a wheelchair. The Richmond, Va. man made more than $1.2 million in disability claims, and even had Meals on Wheels helping him out.

But all along, Brabson competed in triathlons and took girlfriends on grueling mountain hikes. When a friend saw him in a store with no sign of disability, he told her he was Brabson’s twin. Brabson has no twin. He received one year, thanks in part to solid sleuthing by the Virginia State Police.



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