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The Hawaiian\n\nThe following is a fictionalized True Crime Story of Insurance Fraud \nfrom an Expert who explains why Insurance Fraud is a \u201cHeads I Win, Tails\n You Lose\u201d situation for Insurers.\n\nPost 4734\n\nThe insured was a contractor in Honolulu. He made an excellent living \ncheating his customers. The insured\u2019s most lucrative scheme was an \nelectronic vermin killer. It consisted of a long wire and a transformer.\n The contractor strung the wire around a house and plugged it in a wall.\n The device, charged with low voltage from the transformer, allegedly \nrepelled vermin. The insured guaranteed that all roaches, flying insects\n and rodents could not pass the charge in the wire.\n\nWhen it didn\u2019t work and a customer called to complain the insured would \nignore the complaints.\n\nSince the tropical Hawaiian climate is a prime breeding ground for \ninsects, the insured had no lack of customers. He bought a Ferrari \nsports car with the profits.\n\nAfter gaining her confidence the adjuster confronted the secretary with \nthe result of his investigation. He told her he knew that the appraisals\n were not done by the jeweler. He showed her where he had discovered \nthat the typewriter used to type the description of the items of jewelry\n was different from the typewriter used to type the name of the \nappraiser. He told her that he liked her and would be very sorry if she \nwas involved in aiding her boss in committing a crime.\n\nShe began to cry. When he calmed her down, she confessed that she had \ntyped in all of the descriptions and the values of the jewelry. Her \nboss, the insured, took the print ball out of the IBM Selectric \ntypewriter and smashed it under his shoe. If asked, she was to say that \nhis children broke the typewriter while playing with it. The adjuster \nthanked her, paid for lunch and suggested she get a new job. He told her\n he would do what he could to keep her out of criminal problems.\n\nHe then got permission from his client, the insurer, to deny the claim.\n\nHe wrote a simple brief, letter to the insured stating as follows: \u201cYour\n claim is denied because it was presented by you with the knowledge that\n it was false and fraudulent.\u201d\n\nHe said nothing more. The adjuster, as required by law, reported his \nfindings to the local police agency and to the U.S. Postal Inspectors. \nBoth promised to complete a prompt criminal investigation and prosecute \nthe insured for insurance fraud. The adjuster waited, patiently, for \nfive years. Every twelve months he would ask the police concerning their\n investigation. He would always receive the same response \u201cWe\u2019re working\n on it.\u201d\n\nFive years elapsed since his conviction. He is still making a living as a\n contractor in Hawaii defrauding his customers. He paid when the \nprobation officer caught him what he told the probation officer he could\n afford. In five years the insured paid, on the restitution order that \nis a condition of his probation, a total of $250.00. His probation is \nover.\n\nThe crime did not succeed. He did not collect $500,000. The insurance \ncompany did not succeed. It paid out over $10,000 to its investigators \nwhich it will never recover and the ordered restitution was never paid.\n\nAdapted from my book "Insurance Fraud Costs Everyone" available at \nAvailable as a Kindle Book and Available as a Paperback from Amazon.com \nhttps://www.amazon.com/Candy-Abel-Murder-Insurance-Money/dp/1976823757/ref=sr_1_1?s=books&ie=UTF8&qid=1517924833&sr=1-1&keywords=%22candy+and+abel%22.\n\nRead the full article at https://zalma.com/blog\n(c) 2024 Barry Zalma & ClaimSchool, Inc.\n\nGo to X @bzalma; Go to the podcast Zalma On Insurance at \nhttps://podcasters.spotify.com/pod/show/barry-zalma/support; Go to Barry\n Zalma videos at Rumble.com at https://rumble.com/c/c-262921; Go to \nBarry Zalma on YouTube- \nhttps://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg;\xa0 Go to the \nInsurance Claims Library \u2013 \nhttp://zalma.com/blog/insurance-claims-library.