This post is sponsored by Waggoner Insurance in Smyrna, Georgia. Waggoner Insurance has been taking care of the life insurance needs of customers in Smyrna since 1974.
Wow! The things people will do for money is amazing. Here’s a story out of Atlanta where a woman actually tried to pose as her dead son in order to create an insurance policy.
The crazy thing is, it actually worked, and the insurance company ended up paying out over $150,000 on behalf of her dead son.
It was back in 2002 when Donna Ellis Gibbs’ son died in a car accident.
And shortly thereafter, Gibbs thought it would be a good idea to actually pose as her dead son in an effort to fool the life insurance company, and to cash in on a $150,000 life insurance policy.
The life insurance policy was initiated, and she then altered the documents relating to her son’s death to reflect that he died in April 2003, before submitting a claim to Monumental Life Insurance Co., the company she used to set up the fictitious policy.
And here’s the kicker – the company paid out $151,000.
Authorities were tipped off about the fraud when Gibbs’ ex-husband, the father of her late son, found out about her scheme.
Gibbs was sentenced to 20 years on probation, 200 hours of community service and must undergo drug and alcohol treatment. She also must pay back in full the money given to her by the insurance company.