A man who crashed his $1.2 million Bugatti Veyron told police that he had dropped his cell phone while driving, looked up, swerved to avoid a pelican and wound up submerged in a Texas lagoon.
- AOL Autos Staff
- Sep 6, 2012
As one former president might say, it takes a lot of brass to try and scam an insurance company by staging an accident. It takes even more to attempt the scam – and not even put much effort into it.
PSA: If you're going to attempt insurance fraud, you might want to avoid posting on YouTube [w/video]
- Chris Shunk
- Mar 15, 2010
- Michael Harley
- Jun 30, 2009
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
- Michael Harley
- Oct 14, 2008
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
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