I don't want to read a novel before being able to understand what this is about. At least the article could provide a quick glimpse at what the fraud scheme is. I kept reading for 5-6 minutes and then lost interest.
Dang, I really liked the long story. Just don't read it if you don't?
The wildest insurance fraud scheme in Texas
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Re: The wildest insurance fraud scheme in Texas
#22I don't want to read a novel before being able to understand what this is about. At least the article could provide a quick glimpse at what the fraud scheme is. I kept reading for 5-6 minutes and then lost interest.
Guy is in this line of 'work' because he is an adrenaline junkie. It brings certain side benefits-- dealing in obscure obsolete aircraft and parts gives him means of leisure and more than a little swagger, without the pain of asset depreciation. Convinces himself, a romantic interest, and not many others, that he's James Bond.
Once his 'business' got big enough, it attracted the right attention and has given the guy an opportunity to remake himself yet again, this time from jail.
Re: The wildest insurance fraud scheme in Texas
#23Earlier quoted context omitted.
Insurance companies are well aware of the geniuses constantly rediscovering that you can overinsure something you don't care about and then cash it in.[1] They try to protect against that by requiring that you can only get policies on something you have an "insurable interest" [2] in (i.e. independent reason to value it and not want the insured event to happen to it). They also try to closely calibrate payouts so tha…
I would argue three. Anyone can get an interest in anything, can't they?
Re: The wildest insurance fraud scheme in Texas
#24> he is taking college correspondence courses, “the path of least resistance” toward a business administration PhD. “I simply thought, if someone is going to call me a con man or [say] ‘you’re an asshole,’ well—it will be doctor asshole,” he said.
He may be in prison, but at least he's not lost his sense of humor. Completely in character based on the rest of the piece!
Re: The wildest insurance fraud scheme in Texas
#25I don't want to read a novel before being able to understand what this is about. At least the article could provide a quick glimpse at what the fraud scheme is. I kept reading for 5-6 minutes and then lost interest.
https://www.flyingmag.com/young-entrepreneur-and-pilot-faces...
Re: The wildest insurance fraud scheme in Texas
#26I don't want to read a novel before being able to understand what this is about. At least the article could provide a quick glimpse at what the fraud scheme is. I kept reading for 5-6 minutes and then lost interest.
First of all, the first paragraph is about a suspicious plane fire - the plane literally burned in half sitting in a hangar. That should provide you some hint about what the fraud scheme is going to be. There's even an animated image of a plane on fire! Did you need the author to print "this is a story about insurance fraud" in big bold print at the top of the story?
Secondly, comments like this are really worthless on HN, it adds nothing to the discussion and as you point out, you didn't even read the article. Why even both writing a waste of a comment?
Re: The wildest insurance fraud scheme in Texas
#27Note - an L-39 is not a MiG - it was designed in Czechoslovakia by Aero Vodochody. A small point, but these kind of large errors in articles I'm supposed to be taking seriosly drive me crazy.
There’s nothing about TFA that should be taken seriously. It’s pulp fiction. Just like TR himself. Not to say “whoosh”, but I’m pretty sure that’s the whole point of the piece?
Re: The wildest insurance fraud scheme in Texas
#28He was an international arms dealer and from the sounds of it selling weapons to countries that it was illegal to sell weapons to. Who knows what those weapons were used for.
Re: The wildest insurance fraud scheme in Texas
#29Re: The wildest insurance fraud scheme in Texas
#30I don't want to read a novel before being able to understand what this is about. At least the article could provide a quick glimpse at what the fraud scheme is. I kept reading for 5-6 minutes and then lost interest.