LIFE INSURANCE FRAUD FOR FUN & PROFIT

"This following is a Fictionalized True Crime Story of Insurance Fraud
from an Expert who explains why Insurance Fraud is a “Heads I Win, Tails
You Lose” situation for Insurers. The story is one of many designed to
help the public Understand How Insurance Fraud in America is Costing
Everyone who Buys Insurance Thousands of Dollars Every year and Why
Insurance Fraud is Safer and More Profitable for the ­­­Perpetrators
than any Other Crime."
“George,” Adam said, “The only way we can get out of this financial mess
is our life insurance policies.”

“I don’t want to die to collect,” George said.

“Neither do I,” Adam replied. “But I still want to collect.”

“Do you propose to murder me.”

“No, George, I propose that we find a homeless person who physically
resembles one of us and kill him. We can plant identification on the
corpse and then share in the $6,000,000 double indemnity payment.”

“My,” replied George, “that’s a brilliant, although evil and criminal,
plan.”

“I see no other way out. It’s either the death of a useless human being
or total financial catastrophe for us.”

“Adam, they have a death penalty in this state.”

“So, what, the plan is perfect. No one will know. We’ll retire in
luxury.”

“Okay, I’ll go along with it, but I don’t like it. This is dangerous.”

The partners began to travel skid row. They needed a homeless person who
physically resembled one of them in height, weight and coloring. It
took them a week to find the right person. They befriended him with a
bottle of wine and a free meal. They told him that they had just
completed a twelve-step program and part of that program was to help a
person in need. Together, they took the homeless person to Adam’s house.
The partners washed off the grime in Adam’s massive master bath,
dressed him in Adam’s clothes, and outfitted him with accessories until
he looked like a Century City lawyer about to meet an important client.

Although she considered Adam to be a prodigious lover, the young lady
was more interested in cash than love. From the hotel, she drove
directly to the West Los Angeles station of the Los Angeles Police
Department and introduced herself to a detective. She knew that a life
insurance claim had been made and wanted the police to know that the
person whose murder they were investigating was presently sound asleep
in his hotel room at the Four Seasons Hotel in Beverly Hills.

She explained to them how Adam, after twenty minutes of horizontal
Rhumba, explained to her how he had defrauded an insurance company out
of $6,000,000. She explained to the police that she would never be a
party to such a crime and wanted it noted in their report that she was
the source of the information and the person to whom any rewards posted
by the insurance company should be paid.

Adam and George were arrested and tried for the murder of Fuzzy as well
as several counts of insurance fraud. The testimony of the young lady,
the presence of Adam and the Los Angeles Airport recording of George’s
license plate on entry and exit from the airport parking lot made their
defense impossible. They were convicted.

Adam and George are now spending the remainder of their lives in the
State Penitentiary.

The insurer recovered $4,000,000 of the $6,000,000 (George and Adam had
lived well for that year and a half) and paid the lustful young woman a
$400,000 reward. She lived happily ever after.

Adapted from my book, Insurance Fraud Costs Everyone


(c) 2024 Barry Zalma & ClaimSchool, Inc.

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