See the full video at https://rumble.com/v13a5u0-true-crime-of-insurance-fraud-video-number-65.html?mref=22lbp&mrefc=3 and at https://youtu.be/S0Yxa- eNzB4
They were all-American girls. Muffy and Buffy met as cheerleaders in high school. They were best friends. They did everything together. The two young women shared everything from clothes to boyfriends.
When they graduated from high school, they both started working as voice counters at Fresno Friendly Loan and Mortgage Corporation. They learned to handle money. More than anything else, they learned to beat the system. When the need to shop came over them, they became ill at the same time. They were the antithesis of modern liberated women. They did not do the same job as men did. They did less. They were rewarded by their male supervisors more for their tight sweaters and skinny jeans than their ability as bankers.
Muffy and Buffy needed money so they got insurance and decided to make a fraudulent claim.
Muffy and Buffy, frankly, reported that they had not replaced a single item that they had claimed stolen in their first burglary. The items taken in this burglary from their vehicle were all items they purchased before the first loss. They even provided receipts and canceled checks that determined the purchase and the date of purchase for each item. After that, the adjuster was convinced. There was no doubt that they had attempted fraud. He reported his conviction to the Fraud Division of California, Division of Insurance, and to Buffy and Muffy.
Buffy and Muffy admitted to the adjuster that the watches were never stolen in any of the claims. They withdrew the claim for the two watches. They were still trying to convince him that the rest of their claim was due to a legitimate car burglary. He was not convinced. He denied the allegation on the spot. He followed up with a written refusal.
He reported the claim to the fraud department, which agreed that it was a fraudulent claim and presented it to the local district attorney. The prosecutor refused to prosecute on the grounds that there was insufficient evidence to warrant a conviction.
Muffy and Buffy went back to work at the bank. They hired a lawyer who threatened to sue if the claim was not paid in full. As there was no arrest, the insurer felt vulnerable. It paid $ 60,000 to get a general release.
Muffy and Buffy lived comfortably for a while on the money the lawyer got for them. They were determined to, and continued to, commit insurance fraud once every few years, to supplement their income.
For Muffy and Buffy, crime pays well.
Although states pass statutes that make insurance fraud a crime and laws and regulations that require insurance companies to conduct thorough fraud investigations, until they force local police and prosecutors to prosecute the crime and judges sentence the perpetrators to jail and people like Muffy and Buffy will continue to live well from their crime.
(c) 2022 Barry Zalma & ClaimSchool, Inc.
Barry Zalma, Esq., CFE, now limits his internship to the position of insurance consultant specializing in insurance coverage, insurance claims management, non-insurance and insurance fraud almost equally for insurers and policyholders. He practiced law in California for more than 44 years as a lawyer for insurance coverage and claims management and more than 54 years in the insurance industry. He is available at http://www.zalma.com and firstname.lastname@example.org.
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