The Billion Dollar Bubble is a 1976 film made for the BBC and directed by Brian Gibson. It is about the story of the two-billion-dollar insurance embezzlement scheme involving Equity Funding Corporation of America. The movie stars James Woods in the role of the actuary. This movie was 20 yrs ahead of the Enron mess and the Tyco […]
Tag: insurance fraud
TYPES OF INSURANCE FRAUDS
Insurance frauds are a financial crime. The US insurance industry consists of more than 7,000 companies, collect over $2 trillion in premiums each year. The size of the industry contributes significantly to the cost of insurance fraud by providing opportunities and incentives for committing illegal activities. The total cost of non-health insurance fraud is estimated […]
