Mike’s Life Insurance Advice

In the news right now is the outrage over the latest in Wall Street scams to hit the street, but this one could be by far the biggest in history. Bernie Madoff allegedly conned wealthy and supposedly sophisticated investors out of $50 billion in a Ponzi scheme. And a number of these investors were insurance [...]

A CHP sergeant deciphered the ledger book of a Sherman Oaks lawyer under suspicion for insurance fraud. It was key to breaking a longtime, 1 million dollar insurance fraud ring. The ledger was owned by Hamid Taghizadeh, a 46 year old lawyer. He’s charged with over 80 counts of felony, from fraudulent and falsified claims  [...]

Texan Brenda Buckaloo-Merchant  was sentenced to  12 years in prison for embezzling more than 1.2 million dollars from Unitrin Insurance. She wrote checks from Unitrin to a fictional health insurance provider who was, in fact, he. Its a first degree felony in Texas. I wonder how she got caught, but it seems a pretty silly [...]

William Reed Jenkings, a 60 year old Las Vegas life insurance salesman who attempted to cash in on the deaths of 37 terminally ill people will spend more than five years and ten months wallowing in federal prison. Good riddance. These guys make me sick. You know he went to a small Iowa town and [...]

Two Southern California business executives were recently charged in an eighteen million dollar workers comp insurance scam. State Insurance Commissioner Steve Poizner said Monday that CEO David Zahler and CFO David Tai were charged after a two-and-a-half-year investigation into their temporary employment company, Staffing Services, Inc. To find out more, check out the article from [...]