Thursday, April 24, 2008

Torch Your Car? Big Mistake

From higher gas prices to mortgage payments ballooning through the roof, consumers are under tremendous financial pressure. To ease that pressure some people have set their vehicles on fire and then filed a claim with the insurance company.

The California Department of Insurance has launched an investigation of two cases in the Northern California area.

"You will get caught!" said John Standish, a bureau chief for the department's fraud division. He said people who are upside down in their car loans, or owe more than what the car is worth, got into the financial predicament on their own.

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