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The Bugatti Veyron insurance fraud

By FaezClutchless on 07 Dec 2011

Attached Image: bugatti_veyron_lake_crash.jpg

By now, most auto enthusiasts would have seen the internet video of a Bugatti Veyron crashing into a Texas lake. The video was uploaded sometime in November 2009 and that's more than two years ago. This screen grab from the video shows the car travelling on a side road, just next to a lake and the speed of the car wasn’t known at that time.

Attached Image: veyron_lake_crash.jpg

I still remember that (if my memory did not fail me) after the accident, news reports stated that Andy House (the owner) lost control of the car when a low-flying bird flew in front of him and he eventually crashed into the lake. At the same time, another driver (no relation to the incident) who was driving along the highway captured all of it on video. And now it seems that there is a twist to this story.

WARNING: This video contains some vulgar language. Please view it discreetly.

The owner of the Veyron has been dragged to a civil court by the insurance company, Philadelphia Indemnity Insurance Company, for insurance fraud. The insurance company believes that House and Llyod Gillespie (who is the financier and partial claimant to the insurance claims) conspired to drive the car into the lake and hopes to collect a US$2.2 million insurance policy.

The insurance company came to this conclusion after speaking with the owner and Joe Garza, who videotaped the incident. And another unnamed party has come forward to inform the insurance company that House offered him money to take the car and burn it down.

On top of this, the insurance company mentioned that the Veyron’s 1,200 miles mileage was excessive and beyond the scope of his vehicle policy. In addition, the Veyron and a Ferrari Enzo, both owned by House, were insured for private use but the vehicles were purchased and used for Andy House’s auto delearship, Performance Auto Sales.

The insurance company is asking the civil court to dismiss House’s claims or obligate the company to pay only the lien value of the Bugatti Veyron.

Photo credit: YouTube

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Written by FaezClutchless
Some say that his blood is actually RON98 petrol and some say that his right foot weighs over 20kg. But all that we know about Faez is that he loves to drive and is a JDM enthusiast.

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