5 reasons your car might be uninsurable and 5 Craziest Stories of Insurance Fraud

4. Planes, claims and automobiles

Theodore Robert Wright III was a pilot who led an insurance fraud scheme that spanned from Hawaii to the Gulf of Mexico. Essentially, Wright, along with his co-conspirators, would purchase luxury goods, insure then for more than he paid for them and then torch, crash or flood them and collect the insurance money. Some of the assets he destroyed included a 1966 Beechcraft Baron plane, a 2008 Lamborghini, a 1971 Cessna 500 and a 1998 Hunter Passage yacht. In 2017, Wright pled guilty to arson and wire fraud and was sentenced to 65 months in prison and ordered to pay nearly $1 million in restitution.