Remember the guy who caught on video driving a Bugatti Veyron into the Gulf Bay in Texas? Well, he's now facing a few decades behind bars. You might wonder why some seriously bad driving in a million-dollar supercar could lead to such a long stint in the slammer. Well, Andy Lee House of Lufkin, TX, pled guilty to wire mail fraud in federal court in the Eastern District of Texas. As it turns out, crashing the car was all about getting an insurance payout.
"Looking for a company you can trust? Look no further!" says the boldface type on Top Gear Autoworks' website, an automotive service, repair and storage shop in Minneapolis, Minnesota. Not a very wise move, say the local authorities, after recently arresting David Juntunen, the 40-year-old male owner of the shop, and charging him with insurance fraud after an unauthorized – and destructive – late-night joyride in a customer's Lamborghini.
The damage from a major natural disaster can be harrowing – loss to life and limb combined with property damage, environmental, economic and psychological impact make picking up the pieces difficult. But long after the crisis ebbs, the damage lingers, becoming ever more pernicious and difficult to discern. Mold inside walls, unseen weakened structures... they all get covered up with fresh coats of paint. So, too, it is with the automobiles affected.
The LA Weekly reports there may have been more to the viral news story of a motorcycle police officer who ended up with his legs in the air in the back seat of a BMW convertible after a traffic collision. Following an 18-month investigation, prosecutors have officially dropped the three misdemeanor assault charges against driver Brian Hitchcock after the man's lawyers discovered Hermosa, California officer Anthony Parente had a history of questionable accidents and hefty workers' compensation cl
It appears the gentleman who piloted his Bugatti Veyron into a Texas lagoon has run into a spot of legal trouble. The insurance company that paid out $2 million for the trashed exotic is calling fraud on the whole scenario, and a federal judge has decided that the claim should go before a jury. Andy House of Lufkin, Texas, originally purchased the Veyron after securing an interest-free $1 million loan from Lloyd Gillespie. Philadelphia Indemnity Insurance Company alleges House attempted to pay a
Perhaps it's time that insurance companies start taking a closer look the policies they dole out. San Francisco-based Quality Planning agrees, and that's why the company works with insurers to help cut down on some of the fraud found throughout the industry. One area that's a bit surprising? The amount of luxury cars that wind up covered as farm equipment.
They're called owner "give-ups," and their rise is a sign of the tough economic times. Despondent over being financially strapped and unable to cover car payments, vehicle owners are ditching, sinking, or torching their vehicles and reporting the loss to collect insurance payoffs. According to authorities, most of the titleholders aren't seasoned criminals. In fact, many of the false claims are filed by first-time offenders -- people who normally wouldn't steal a piece of candy from a store. How
Vehicle owners behind in their payments and faced with mounting debts have begun taking matches to their cars and trucks in an effort to stop their payments and collect the insurance settlements. Unfortunately, in most cases the attempts backfire (pun intended). According to police, when delinquencies on auto loans rise, owner-involved arson jumps as well. Between 2004 and 2007, "potential owner give-ups" (most of which involve torched vehicles) nearly doubled nationally. Distinguishing between