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Is this the sort of thing he could go to jail for? Wow. He must be involved with the wrong kind of people to risk going to jail over a $10000 car loan.
Well, if he filed a stolen vehicle report with the police, then Filing a False Report is a definite possibility. Felony Insurance Fraud (esp. if the bank/insurance co. are out of state) is likely. And if the car was torched, there's the chance of an Arson charge as well. How mcuh, if any, he's personally up for is up to the authorities.
If it was me, I'd say he's looking at distinct possibility of a severe decrease in his standard of living.
Is this the sort of thing he could go to jail for? Wow. He must be involved with the wrong kind of people to risk going to jail over a $10000 car loan.
Had to double-check, but Ghel is in a different country than you are. Otherwise I could have sworn that the guy making the insurance claim was Mr. Goodhair.
This is even better than the one I took last week on the guy's personal insurance for the theft of a trailer not on the policy that he admitted he used for work.
Not in the industry, but someone high enough in the banking food chain to get a company car is going to have an annual salary FAR in excess of the claimed value of the car (probably by an order of magnitude or so). This guy looks like he's going to get a criminal record for fraud, lose his job, and wind up car-less, all for (what should be to him) a trivial amount. Forget about "Dumb and Dumber" - meet Dumbest.
Of course, anyone in such a position is likely to have his job at risk if he were to seek protection from creditors - something about "demonstrably showing poor financial judgement", where good financial judgement on-the-job is a requirement for his position. The lesson: Don't be an idiot in your personal finances when you're high up in the food chain of a bank, since said idiocy can have a SERIOUS negative impact on your cash flow.
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