Update to the Bugatti scandal.

[barronj]

I guess I should have phrased the question differently... Why would the insurance company let them insure it for over double the value... I know "so they can make that money."

I wonder if he'll have trouble getting insurance when he gets out of the pokey

[8mpg]

The insurance company sort of deserves it for insuring a car for $1M more than its worth

[barronj]

The insurance company sort of deserves it for insuring a car for $1M more than its worth

Maybe THEY hatched the plan & HE was but a pawn?

[jluv]

So... Where's the update?

[naynay]

You just can't trust anyone these days haha

Note to self. If you want it some right just do it yourself and DON'T talk to anyone about it before or after

in the hood we call that "doing your dirt by your lonely"..

[mstng86]

in the hood we call that "doing your dirt by your lonely"..

in the rest of the world we call that "always having a lawyer on retainer"

[MattB]

I wonder how hard they looked into any connection between the alleged videographer and House. Rolling tape at the exact time it went for a bath was highly suspect if you ask me.

Mr insurance fraud superstar is ON THE CASE!!!! GET EM!!!

[Pooter]

The insurance company sort of deserves it for insuring a car for $1M more than its worth

Happens quite a bit.

[line-em-up]

Lol! Can't turn off engine right now, have to handle this mosquito problem for 15 minutes...

Oh what a tangled web we weave...

[bcoop]

Mr insurance fraud superstar is ON THE CASE!!!! GET EM!!!

Lmfao

[ELVIS]

in the hood we call that "doing your dirt by your lonely"..

in my hood that means youre "roughing the suspect"

god bless.

[Snatch Napkin]

in the rest of the world we call that "always having a lawyer on retainer"

I literally laughed out fucking loud.

[YALE]

I guess I should have phrased the question differently... Why would the insurance company let them insure it for over double the value... I know "so they can make that money."

It was most likely an agreed value plan.

[CRASH]

I guess I should have phrased the question differently... Why would the insurance company let them insure it for over double the value... I know "so they can make that money."

It's all about the money. Insurance agents get their money from the amount that they insure a car for. I would imagine they figured that a car like that wouldn't get driven much, and definitely DIDN'T figure on the guy trying to drive it into a lagoon and cash in.

Their commission on $2m > their commission on $1m.

[GrayStangGT]

http://www.foxnews.com/leisure/2014/08/29/man-pleads-guilty-to-fraud-in-1-millon-bugatti-crash/

Video of his crash made a splash on the Internet in 2009, and now a Texas man faces a long stretch in the clink for driving his Bugatti Veyron into the drink.

Federal authorities say 39-year-old Andy Lee House of Lufkin has pleaded guilty to wire mail fraud in relation to the incident. House purchased the car for $1 million, then took a $2.2 million insurance policy on it. After the accident, he tried to file a claim on the car.

Related: Wrecked Bugatti Veyron sells for $277,000 at auction

Authorities say House initially claimed in November 2009 that he was reaching for his cell phone when the vehicle swerved into water near Galveston. The salt water flooded the engine, ruining the Bugatti.

But a motorist videotaped the incident, allowing investigators to note discrepancies in House's account.