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There is a negative side to worldwide travel cover - the fraud. Unfortunately, it's notoriously difficult to disprove fraudulent claims - mainly in the travel sector and countless people pull it off each year. Indeed, it's estimated to cost companies countless pounds each year, and also the extent from the issue is evidenced with this fact: there has been more worldwide travel cover claims for Amazon rolex, than have have you been manufactured. It's amusing on a single level, but financially crippling on another - and damaging for the honest types, who are suffering higher premiums consequently. Obviously, there are many more risky cases of insurance fraud which have been taken - and frequently they've gone wrong in spectacular fashion. Listed here are 5 of the very most memorable... 5. Mr Derek Nicholson Derek Nicholson and the partner Jottie Nagle were charged with faking a drowning for any $1,000,000 insurance scam. Having removed the life span insurance plan just four days prior to the incident, it instantly seemed suspicious. After Nagle was told that they couldn't claim the life span insurance plan for 12 years with no body, Mr Nicholson placed a phone call towards the police claiming to possess seen one matching his description, however this all unravelled as he was later found alive and well in Ny. Despite pleading "not guilty" and claiming past confessions weren't valid, these were convicted in 2004, and face an optimum Five years imprisonment around the conspiracy charge along with a maximum 6 years around the false distress charge. 4. Gaylan Sweet This insurance scam differs from others, because it really is an internal job! Gaylan Sweet would be a claims adjuster for Allstate insurance who concocted a scheme to talk about to defraud his company and pocket the cash. Over Ten years, he pulled exactly the same insurance scam twice, roping in 2 individuals to pose as a parent of the imaginary child killed by a similarly imaginary drunk driver and pocketing over $700,000 along the way. The situation would be a combination of real and imaginary people: real deputy sheriffs' names were on police forms (though had not been active in the case), real doctors had treated the fake children there were various invented witnesses confirming the 'facts'. Sweet and the accomplices were eventually arrested in 2002 and jailed for 5 years for insurance fraud. 3. Mr John Magno John Magno happens to be awaiting trial for arson with regards to insurance fraud. In 2001, there is the largest fire in Toronto's history at Woodbine Building Supply - because of its almost residential location, greater than 50 families were instructed to evacuate their houses on Christmas morning. Of these two individuals assumed to possess committed the arson - Tony Jarcevic and Sam Paskalis - the previous died and also the latter was severely burned and left inside a coma. Paskalis later admitted his involvement within the alleged scheme. Magno himself had increased his insurance 8 weeks prior to the incident and attempted to money in the $3,500,000 insurance plan soon after the "accident". 2. Mr John Darwin The newest case within this list took the British media by storm once the detailed information were revealed. John Darwin went missing, assumed dead, after going canoeing in 2000. Following a search resulted in nothing, his wife claimed the insurance coverage. Everything was quiet until December this past year once the 'dead man' resulted in inside a London police station claiming loss of memory and also the thought that he would be a missing person. This unravelled whenever a photo from the couple grinning together in Panama was revealed within the papers. The reality is, a legal court found the pair to possess lied for their children, their neighbours and police in help of an insurance coverage scam, and were both jailed for more than six years for his or her scheme his or her trial concluded recently. 1. Mr John Stonehouse, MP However the most memorable demonstration of insurance fraud needs to be the previous Labour MP John Stonehouse. On November 20th 1974, he faked his suicide. Abandoning merely a pile of garments on Miami beach, he was presumed dead - but usually going to Australia to begin a brand new life together with his secretary Sheila Buckley. Within an unlikely turn, he was discovered per month later by police who mistook him for that still illusive Lord Lucan! While awaiting trial in Brixton prison, he still remained a Labour MP, eventually resigning 30 days before his trial. This left the Labour party inside a bind, because they were suddenly a minority government. They wound up forming a Liberal-Labour pact in which to stay power until Thatcher's election victory Three years later. For Stonehouse, he was tried on 18 charges of theft, forgery and conspiracy to commit insurance fraud. He was sentenced to Many years imprisonment, serving 3 of these prior to being released early because of his illness. A great deal of "Johns" within the list - perhaps this is a clue for all of us, when examining fraudulent worldwide travel cover claims! Obviously, not everybody fakes their very own death included in an insurance coverage scam - in 2007, Bosnian Amir Vehabovic staged his death to discover who his true friends were! After bribing undertakers to bury a clear coffin, he hid within the cemetery bushes to determine what percentage of the 45 people invited seemed to show their respects. When only his mother turned up, Vehabovic remained sending angry letters towards the missing parties! As worldwide travel cover scams are not as easy to prove, it is no surprise there has been fewer much talked about cases. It's simpler to explain the sudden appearance of the 'stolen ipod' than the usual man who died Five years previously! For more information Insurance Scams, simply visit our website.
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