Insurance Claim Money Laundering, a Massive Operation

I am personally aware of a massive money laundering operation within the insurance industry. The posting of anecdotal evidence by others, who are also aware of insurance claim money laundering, would be very helpful. Former Texas Assistant Attorney General, Eric Moebius, sacrificed has fortune and license to practice law to help expose insurance claim money laundering.

It is a well kept secret that insurance companies are not required to account for the source of money to pay claims. That is a hole you could drive a caravan of trucks through! I am personally aware of a quota system. Insurance rates are based upon claims. The rates and claims remain relatively stable from year to year. There is a quota system for claims, including traffic fatalities.

The relationship between 9/11 and insurance industry money laundering may be a key factor. Larry Silverstein's settlement for the WTC destruction of 9/11 was fraudulent. He received much more than the appraised value of the buildings. Why did the insurance companies not prosecute Silverstein for fraud? It wasn't insurance company money used to pay the settlement. www.911blogger.com...

No regulatory agency confirms that insurance claims are actually paid with insurance company money. Insurance companies accept embezzled money to pay claims. The embezzled money cannot be traced back to its original source.

Here is a documented example. From: www.mackwhite.com...
"Of all the days, of all the almost 3000 days that had passed since these girls murders, APD chose the hour after a San Antonio jury convicted the Brice group of fraud. $20 million disappeared during the same time frame that the $12 million 'insurance' settlement appeared. [Eric Moebius is referring to the settlement for the families of four girls murdered at Brice Food’s I Can’t Believe Its Yogurt store]

"And this so-called settlement has always been suspect. Extremely suspect. What insurance company pays for the criminal conduct of third parties? How was Brice Foods responsible? There was no 'murderer in hand.' As a result, no one act or omission could be identified as having 'caused' the murders. There is no insurance liability, no causation."

Life insurance proceeds are not immune from the money laundering scheme.

"FM Properties, an entity represented by [Lawyer M] of Austin, has experienced the murders of 26 of its employees in Indonesia, with all murders taking place on FM sites or being conducted in trucks or shipping containers owned by FM Properties. Even these murders can be 'insured' here in Texas, allowing money to be downloaded through death claims that take place half a world away."

2.3 trillion was missing from the Dept of Defense before 9/11. Donald Rumsfeld claimed the records were destroyed in the 9/11 Pentagon attack. This money could have disappeared without a trace through insurance claims.

From, The Bar, Insurance Fraud and Murder by Eric Moebius:
www.indybay.org...
”If anyone thinks these reserve fraud transactions are a once in a while event, they are tragically mistaken. Reserve fraud is an industry and it has taken a firm grip in both the state and federal courts. The amount of capital flowing through these reserve fraud schemes may soon dwarf the capital that disappeared through the S&L crisis. Reserve fraud creates a huge and spiraling demand for pirated catastrophic injury claims and explains why the Texas State Bar is so well organized at the state and county hospitals where it is illegally picking up referrals of severely injured patients. .... But add to this tragedy the fact that there is an enormous body of evidence that conclusively demonstrates that this almost insatiable demand for the catastrophic claim has resulted in the use of intentionally induced catastrophic claims; intentional injuries and murders conducted through the use of over-insured vehicles or on overinsured premises. As a result, we are seeing multiple arsons and multiple murders.”

9/11 was a case multiple arsons and multiple murders on a grand scale. The World Trade Center Towers were over insured.

But surely there was no motivation for 9/11 to be an inside job.....

[EDITED to add this line so this isn't a one-liner. Wish I had more to add on this one.]

[edit on 3/16/2008 by Amaterasu]