9 of the Worst Insurance Scams of 2017

There always seems to be those that want a short-cut, a quick solution for a quick payday. And then there are those that actually take that shortcut and are caught red handed.

Sadly, we didn't come up with this list ourselves but are featuring this article from our friends at the Coalition Against Insurance Fraud. If you wish to see the original article, click here.

9 Worst Insurance Scammers of 2017

A kindly man’s best friend burns him alive … a doctor sticks needles and lasers into patients’ healthy eyes … a father kills his baby.

These extreme schemers are among the 9 worst insurance criminals of 2017. They were elected to the Insurance Fraud Hall of Shame by the Coalition Against Insurance Fraud. 

The No-Class of 2017 spotlights the year’s most brazen, bungling or vicious insurance fraudsters. The barons of bleak face decades in jail.

Insurance fraud steals at least $80-billion a year — one of America’s biggest financial crimes. Fraud victims also are maimed … lose their savings … traumatized … families broken up. Some fraud victims die, and everyone’s premiums rise.

Burning desire. David O’Dell thought Joseph Meyers was his best friend. Meyers considered him disposable. The Wayland, N.Y. man burned O’Dell alive in his rickety old house for $165,000 of home and life insurance. Read the Full Story

Bumper crop. An orgy of fake whiplash claims from setup car wrecks soaked insurers for $500,000 in Sacramento County, Calif. At least 100 vehicles lightly bumped each other, yet ringleader Michael Charles Young had car passengers faking painful whiplash. Read the Full Story

Baby killer. Broke and jobless, Joaquin Rams murdered his baby son Prince for $550,000 of life insurance. The Northern Virginia man took out life policies on Prince then killed him. Why did life insurers cover a mere baby? Read the Full Story

Unsober sober homes. Desperate drug addicts sought a cleaner life in Kenny Chatman’s sober homes. The South Florida man instead plied them with more drugs so they’d relapse. All for $25 million of inflated rehab and drug testing. Some addicts overdosed and died. Read the Full Story

Sightless scheme. Eye doctor Salmon Melgen stuck needles in patients’ eyes and lasered their retinas in a $136-million hoax. Luckless patients didn’t need the painful and botched treatments. The South Florida doctor even treated blind patients, and people with a plastic eye. Read the Full Story

Crash con burns. Rescuers picked up Theodore Robert Wright III floating in the Louisiana coast after a seeming crash landing of his flaming airplane. A ditzy insurance con — Wright actually staged the plane crash, torched another airplane, sank a luxury sailboat and dunked a Lamborghini in a watery ditch. Read the Full Story

Arson overpay. Buy cheap and claim big was Verdon Taylor’s arson motto. The Northern Virginia man burned old homes and junky cars in a 30-fire binge. He stole nearly $1 million of insurance money. Discounted old homes and furniture were billed as fancy expensive ones. Junky cars suddenly were new. Read the Full Story

Disabled disability scam. Crippled and impoverished Kentucky residents trusted lawyer Eric Conn to get them federal disability money. Instead Conn betrayed them in a mammoth $600-million scam. He fooled Social Security into paying disability for thousands of healthy people. Hundreds of truly injured people lost desperately needed disability money while the feds solved Conn’s mess. Read the Full Story

Home invasion. Dr. Jacques Roy billed Medicare $375 million for treating supposedly frail, homebound seniors. Many were homeless — or so healthy they happily mowed their lawns. It was one of the biggest Medicare scams ever. The Dallas-area man ran a boiler room cranking out hundreds of false homecare claims every day. Read the Full Story


Source: CAIF

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