10 May 2024 7:56 am
That is just a horrific story!LowIQTrash » 09 May 2024, 11:14 pm » wrote: ↑ Case Study #2 on "The American Dream": More Insurance Fraud
@Fuelman another lesson from a pro...
So about 7 years ago, one of my friends moved to Sacramento County, CA. She ended up getting a job as a pet kennel worker (taking care of people's dogs while pet owners are away on vacation or whatever).
The owner of the pet kennel herself was already making low 6 figures (probably $180K - $230K range) as her business was doing well. The reason it did well was her relentless drive to cut costs: the dogs were packed very tightly in the house and her employees were paid below avg wages. Needless to say my friend was not happy...but here's the real catch.
One day all the dogs were being kept at the shed, and...by some stroke of fate the shed burned down. All the puppies, including her own, died in the fire.
Now this is pure speculation as nobody was there to witness the event, but...it is believed that she let her own dog die so it would give her the defense: "How dare you accuse me of something so heinous? My own poor dog died!"
She was reimbursed by business (general liability?) insurance. I don't know the exact payout - likely somewhere around $600K as the business itself was no longer viable. A dog kennel should fetch 2.5-3.5x EBITDA if I recall correctly so I will estimate the payout in that ballpark.
I don't know the exact motive(s) but - just an educated guess - her original exit plan of selling the business wasn't going to work, so she decided to do it the "other" way. It's faster and incurs less headache trying to get buyers to agree to a deal.
She wanted the money...now!
You would have to post that just after booking a place to keep the 2 dogs for 10 days. Luckily, this place is attached to the owners home. Poof, $800 gone.
There are plenty of scum bag people looking for the easy money. Easiest place to defraud is the US Government.