Michael Joyce Insurance Fraud Story
Skydiving After Half A Million Dollar Injury Suit?
The Judge Joyce Insurance Fraud Story
There are a lot of outrageous insurance fraud stories, but once in awhile one seems to stand out. I am sure that there have been larger settlements, but this story has to make us take a second look.
In my opinion, the story of Michael Joyce stands out because of a couple of things.
- Joyce is a retired judge, so you can hardly believe he did not know better. It might, in fact, be easy to assume he used his knowledge of the law to aid his case.
Categories: Insurance Scams Tags:
Life Settlement Company Investment Scam
Texas Lawyer Pleads Guilty to Life Settlement Investment Scam
A lawyer, Mackert, in Spring, Texas has pleaded guilty to a life settlement investment scam.
What Are Senior Life Settlements?
Senior life settlements are transactions where investment groups or companies will purchase permanent policies from older people in exchange for cash which is less than the face value, but more than the owner could get if they sold the policy back to the insurer.
The investment companies make money when the insured people pass away, and they collect the proceeds of the policy. Since they purchased the policies for less than the death benefit, this difference is their profit.
Categories: Insurance Scams Tags: Life Insurance, life settlements, seniors
