Owner submerges $1 million Bugatti Veyron into salt water lake to fraud insurance company

08/27/2018

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The Texas man drove his Bugatti Veyron into the saltwater lake to fool the insurance company.

It’s in the teaching of every religion that justice always comes. It’s just the matter of time that every fraud will be decoded. Some come fast, some come slow but we never can deny the veracity of this idea.

This is a fraud which took 5 years to be totally revealed when everyone almost lost any memory of it.

In 2009, a Texas man, named Andy Lee House, managed to drive his Bugatti Veyron into a saltwater lake with his intention to get an amount of compensation money from the insurance company. After his $1 million exotic car downing, resulting in severely broken parts, the man successfully asked the insurance company to be responsible for a $2.2 million (~N854.7million) compensation.

Bugatti Veyron that was saved from the saltwater lake

The Texas man drove his Bugatti Veyron into the saltwater lake to fool the insurance company

Bugatti Veyron that drove into the saltwater lake

A Youtube video has betrayed him

In his claim, House put the blame on a pelican bird which was flying low when he’s feeling for his phone. Being startled, he swerved onto his right into the lake.

Luck isn’t always with him. Another driver witnessing the moments has recorded all the scene from when the Bugatti Veyron accelerated to when it subsided. This driver later uploaded the video on YouTube which is now having more than 8 million views. In the video, there’s no pelican that day.

Video: Bugatti Veyron Lake Crash-- Original Video- 1st hand account

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When Philadelphia Indemnity, his insurance company, knew about this video, they sued the Veyron owner for fraud.

The company was confident the man borrowed $1m from a friend to buy the car, then intentionally destroy the car to get the insurance money.

Besides, there’s an informant unveiled House’s attempt to hire him to steal then burn the car so that he would defraud the insurance company.

The case came down with House sentenced to a year of imprisonment in December 2015. He also served 3 years of supervised release after the imprisonment expired. Along with the sentence, he had to return a $600k(~N233m) settlement to the insurance company.

Figures show that there is nearly $30b annually snatched by the hands of the fraudulent in the US While in the U.K with every minute passing by, there’s one insurance fraud recorded.

>>> More auto news on Naijauto.com

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