From collecting life insurance for a spouse who isn't dead to lying about a car accident, these insurance scammers were caught in the act.
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Big and small, insurance scams affect us all. Instead of being a victimless crime -- instead of con men simply trying to bilk a few bucks from the big, bad underwriters -- insurance fraud also directly results in higher rates for the rest of us.
But not everyone gets away with it. From fraudsters caught faking their own death to businessmen nabbed setting their own stores ablaze, here are some remarkable tales of insurance scams gone wrong.
May 23 (Bloomberg) -- Matthew Maloney, co-founder and chief executive officer of GrubHub Inc., talks about GrubHub's merger with Seamless North America... More May 23 (Bloomberg) -- Matthew Maloney, co-founder and chief executive officer of GrubHub Inc., talks about GrubHub's merger with Seamless North America LLC. He speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloo...
Date 10 hrs ago, Duration 4:11, Views 16
Video by: Bloomberg | Visit Bloomberg.com
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