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Young Entrepreneur and Pilot Faces Decades in Prison for Insurance Fraud
Theodore Robert Wright III, a young serial entrepreneur and pilot who gained notoriety for chronicling his larger-than-life flying exploits in photos on Facebook and Instagram, now faces the prospect of spending much of the rest of his life in prison after federal law enforcement officials charged the 32-year-old with multiple counts of insurance fraud. Federal prosecutors allege that Wright, who was involved in a highly publicized ditching of his Beech Baron in the Gulf of Mexico in 2012, set… (www.flyingmag.com) Ещё...Sort type: [Top] [Newest]
They always get greedy and think no one is watching them.
So he's qualified to be President.
The name bozo fits the guys to think insurance companies don't keep records. No matter what insurance it has what is like stocks traded between companies accepting risks for the profits from people buying the insurance. Even Lloyd's of London has persons holding shares of the risk who don't take kindly to fraud. Hence somebody with money got scammed and abracadabra darn near life in prison.
For the entertainment factor -- and possibly the "Oh, so that's what you were plotting" factor -- have a look at the archive.org snapshots of his website: http://web.archive.org/web/20121010030240/http://www.aroundtheworldforlife.org/
From 30+ years in the insurance industry -- Good luck with that case. It's difficult to actually get an indictment, nearly impossible to get a conviction. They are way less than halfway there. Makes a nice story though.
Why is this posted on FA? It isn't about planes at all. It's about a scam artist.