Wednesday, September 8, 2010

Stranger-than-fiction Life Insurance: Deja Vu edition

Regular readers may recall this story from 4 years ago:

"A pair of Los Angeles women may have insured the lives of homeless men, then arranged fatal hit-and-run “accidents” so that they could collect the death benefits, officials say."

As I said at the time, this was "sick."

But someone else (actually, four someone else's) have gone one, um, better:

"Federal Bureau of Investigation headquarters today highlighted a recent conviction in a scheme by four individuals in the Los Angeles area to invent a man out of whole cloth, hold his funeral, and then reap in the insurance benefits from his death."

This guy wasn't just homeless - he was bodiless, as well. The article lacks more than a few details, but we can infer that at least two carriers were involved, since the total amount at risk would have required at least some additional underwriting beyond an application. Makes one wonder, though, how many of these schemes are successfully pulled off.

[Hat Tip: Best of the Web]

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