Friday, August 18, 2017
Feds: Mason Family Faked Life Insurance Policies, Collected $2.9 Million and Bought Bentley Convertible
A Mason family is being charged for their involvement in a $2.9 million insurance scam. Prosecutors say Mitch Stevenson, his wife Patricia, and their daughter, Candace Stevenson, all participated in an effort to defraud West Coast Life Insurance Company. The scheme involved the Stevenson clan filling out paperwork for an unnamed relative under fraudulent pretenses. The forms the family filled out denied that the insured had any history of diabetes, high blood pressure, ulcers, or had taken any medication in the prior twelve months. The forms also indicated the insured weighed only 175 pounds.
In fact, the named insured weighed nearly 400 pounds and had an impressive history of medical issues. Though the insurance policy required a medical examination, this requirement was met when a 176-pound relative, matching the description on the policy, showed up for an evaluation in 2009. When the actual insured passed away in 2012, West Coast Insurance Company issue a $1.4 million check to Candace Stevenson and a $1.5 million check to Patricia Stevenson. The family is no stranger to fraud investigations as court documents reveal that Mitch, Patricia, and their two sons were involved in another scam in which they defrauded creditors to buy scrap metal, sold the scrap, and then failed to repay the creditors.
See Kevin Grasha, Feds: Mason Family Faked Life Insurance Policies, Collected $2.9 Million and Bought Bentley Convertible, Cincinnati.com, August 10, 2017.
Special thanks to Jay Brinker for bringing this article to my attention.