Jan 26
Death tied to life insurance scam
Here’s an article from the Detroit News Press from January 16, 2009. It really sickens me when I read these types of stories. It also reminds me to take a moment to remind people of the importance of insurable interest. Remember, only people who depend on you for financial reasons should be made beneficiaries. This decision is NOT to be taken lightly. This is why I’m so against life settlements. Anyway…here is the story:
A 26-year-old Detroit man living in New Orleans is accused of killing his friend after making himself the beneficiary of two $250,000 life insurance policies.
After a nearly two-year investigation, police arrested David Stann on Tuesday in New Orleans in the shooting death of 19-year-old Gary Jones of Detroit.
Stann is charged with first-degree murder and other felonies in connection with Jones” death on March 25, 2007. He is expected to be returned to Detroit and arraigned early next week.
Detroit Deputy Police Chief Marshall Lyons said Stann, who knew Jones for seven years, convinced him they could make money if he took out the life insurance policies and made Stann the beneficiary. About 14 months later, police said, Stann shot and killed Jones and collected on one of the policies.
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