The 2009 crash of a Bugatti Veyron into a Texas lagoon is back in the spotlight and now part of an investigation into a very complex case of insurance fraud.
According to Speed Channel, Philadelphia Indemnity Insurance Company claims that the owner of the car, Andy House, intentionally crashed the car into the lake to secure a massive payout from insurance.
Here's how the sordid scheme allegedly unfolded.
House was loaned $1 million, interest free, by a man named Lloyd Gillespie to purchase the car. The insurance company says that House and Gillespie were aiming to double the investment by destroying the multi-million dollar car.
Mr. House has maintained that he was distracted by a low flying pelican, dropped his cell phone, and veered off the road and into the lake while trying to retrieve it. But Joe Garza, the man who happened to catch the incident on film the video, told the insurance company that he did not see a pelican or House drop his phone, according to Courthouse News.
After the accident, House left the engine running for a full 15 minutes until it was so thoroughly damaged that it shut down on its own. Witnesses at the accident scene have also said that House did not appear too upset at the loss of the $2 million car, according to Speed Channel.
But that is not where it ends.
A confidential third party has come forward claiming that House offered him money to steal and burn the car to the ground so House could claim the insurance funds. However, it seems that House acted on his own by crashing the car into the lagoon before this third party became involved.
After the third party took this to House, he was offered a portion of the insurance funds to stay quiet during the investigation, according to Courthouse News.
While the defendants had hoped this sticky case would not go to trial, U.S. District Judge John R. Froeschner has elected to take this before a jury.
Here is the infamous video of the accident so you can see for yourself (via YouTube):
Now take a look at these other crashed Bugattis >
The 2009 crash of a Bugatti Veyron into a Texas lagoon is back in the spotlight and now part of an investigation into a very complex case of insurance fraud.
According to Speed Channel, Philadelphia Indemnity Insurance Company claims that the owner of the car, Andy House, intentionally crashed the car into the lake to secure a massive payout from insurance.
Here's how the sordid scheme allegedly unfolded.
House was loaned $1 million, interest free, by a man named Lloyd Gillespie to purchase the car. The insurance company says that House and Gillespie were aiming to double the investment by destroying the multi-million dollar car.
Mr. House has maintained that he was distracted by a low flying pelican, dropped his cell phone, and veered off the road and into the lake while trying to retrieve it. But Joe Garza, the man who happened to catch the incident on film the video, told the insurance company that he did not see a pelican or House drop his phone, according to Courthouse News.
After the accident, House left the engine running for a full 15 minutes until it was so thoroughly damaged that it shut down on its own. Witnesses at the accident scene have also said that House did not appear too upset at the loss of the $2 million car, according to Speed Channel.
But that is not where it ends.
A confidential third party has come forward claiming that House offered him money to steal and burn the car to the ground so House could claim the insurance funds. However, it seems that House acted on his own by crashing the car into the lagoon before this third party became involved.
After the third party took this to House, he was offered a portion of the insurance funds to stay quiet during the investigation, according to Courthouse News.
While the defendants had hoped this sticky case would not go to trial, U.S. District Judge John R. Froeschner has elected to take this before a jury.
Here is the infamous video of the accident so you can see for yourself (via YouTube):
Now take a look at these other crashed Bugattis >
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