the way i rush enter this thread ehn..was expecting the guy to be a nigerian but alas na oyibo i see.

make e come 9ja make sharp men teach am as dem dey run this kind package perfectly

He even borrowed money to buy d Bugatti. Lol

DannyJ19:
White people have been scamming insurance company since 20AD.


Insurance company in Nigeria just dey enjoy because there don't indemnify most of people with insurance cover.

Insurance business is like two 419 people trying to outsmart each other.

https://www.youtube.com/watch?v=h921sqQ-2as

and when these oyinbos say nigerians are fraudulent, some people in naija will follow and shout amen...u c ba

I'm surprised nobody talked about the guy who videoed the incident.....mehn, if na me, after jail, na him house be my first stop.....he must video how I will beat him too.....Aproko like him!

People do it a lot...na so one idiot left her lane one morning and faced me on top speed, I quickly swerved off the road into the Bush....she was either high on drugs or trying to claim money off insurance!!!

Automotive1:


Sometimes justice is swift, sometimes it may take a few years. In this case, it took about 6 years before a Texas man was sentenced to prison for trying to defraud an insurance company out of a couple of million dollars.

It all started in 2009 when the request of 39-year-old exotic car salvage yard owner, Andy Lee House , to insured his $1 million (N362m in Naira) Bugatti Veyron for $2.2 million was granted .

A month after the purchase of the supercar, he drove his $1 million Bugatti Veyron into the salty water lake and left it running in the water.





House filed a claim with his insurance company to collect the $2.2 million for the damaged car.

In his claim ,he said a low-flying pelican bird had distracted him as he was reaching for his mobile phone, causing him to swerve uncontrollably into the lake.

Unfortunately for him, another motorist who admires and wished he had one ,was close by filming the fast-moving car moments before he drove into the lagoon.
He later posted the crash on YouTube and has been viewed more than 8 million times.


https://www.youtube.com/watch?v=4NJmB1F2mdE
It has been viewed more than 8 million times

Following the incident, the insurance company Philadelphia Indemnity sued Mr House for fraud.

The company claimed he borrowed $1million from his friend to buy the insured car and then double the investment by destroying the multi-million dollar car.

In Mister House’s case, the insurance company involved the FBI, the Texas Rangers and the Police Department to investigate the crash.

When the video was viewed and the Bugatti accessed ,there were no pelicans anywhere in sight and he had also intentionally left the engine running for 15 minutes, causing irreparable damage .

Reporters who arrived at the wreck scene minutes later confirmed they heard the 1,200 horsepower W16 engine, capable of speeds in excess of 253 mph, gurgling the salt water.

The lawsuit also claimed an unnamed confidential informant stated Mr House offered to pay him to steal the car and burn it so that He could claim the insurance money.

Mr House pleaded guilty to the insurance fraud in August 2014 and was sentenced to a year and a day in federal prison in December 2015 .He will also have to serve three years of supervised release after he gets out of prison.

He must also pay the insurance company back its $600,000 settlement . He might have gotten away with it had it not been for a YouTube video of his ill-conceived scheme and the lack of flying pelican birds in the air that day.

It’s estimated that fraud costs the insurance industry in US about $30 billion annually. In U.K,One insurance fraud is detected every minute according to industry figures. 

What do you think?

https://autojosh.com/meet-the-man-who-drove-his-1m-bugatti-veyron-into-a-salt-water-lake-to-scam-his-insurance-company/

and they say we are a 419 nation when we are actually learners in fraud compared to these people

lol

Mr House is the biggest loser ever

If it’s a Nigerian boy nah what could have happened
Dem go say Na Yahoo boy

moral hazard

obafemee80:
Cost of his car - $1M

Insured it for - $2.2M

He repaid the insurance comp- $600,000 settlement

Money in his bank - $0.00

Jail time - more than a year

And he still owes his friend $1M.

sleek82:
I'm surprised nobody talked about the guy who videoed the incident.....mehn, if na me, after jail, na him house be my first stop.....he must video how I will beat him too.....Aproko like him!

People do it a lot...na so one idiot left her lane one morning and faced me on top speed, I quickly swerved off the road into the Bush....she was either high on drugs or trying to claim money off insurance!!!

What if the guy is Mike Tyson?

[quote author=asawanathegreat post=70578916]So Oyibo people even corrupt pass naija people? [/quote

Brainwashing or what do we call this?

Every day for the Thief, one day for the Owner.

Hmmm.....speeding along and distracted by a low slow flying Pelican?...common pelican? I can understand if it were a ehmmm....low flying ostrich. .....and how can he be reaching for a phone while distracted?

Why must they insure more than the face value of the car?

That should have raised alarm bells in the fraud department.

BruncleZuma:
Not too smart...

In my opinion, he was smatter because he had already succeeded in the scam if not for the fact that someone around had a mobile phone.
Imagine
1. The man who videoed the scenario was on a phone call at the point of incident.
2. If a bed was flying and captured in the video
3. This fraud happened in a generation (1930) where mobile phone was not in existence.

The company would have lose

The people running the insurance company are probably brain dead. Who insures a car valued at $1 Million for $2.2 million? The car shouldn't have been insured for more that $800,000.

asawanathegreat:
So Oyibo people even corrupt pass naija people?

Yeap, but their system most of the time catches corrupt people. For instance, driving One-way is something I haven't seen in Uk, but it's a normal thing for our drivers in Africa.

If our laws and system can only catch them, then Nigeria will be great!!!

The plan was great and likely to work if not for the bastard that videoed him while driving

Millz404:
Some people sef no go just let person plan work with thier busy body

I'm telling you, everything naim they record. He would have made a million bucks, without spending a dime.

Back fired

poseidon12:


What if the guy is Mike Tyson?

na to collect him phone number instead!!!

donnie:

for ship am come naija then report stolen . Ode