Insurance Scam Plotted by Mich. Prison Inmates Takes Fatal Twist

April 28, 2006

According to the Coalition Against Insurance Fraud, what started as a life-insurance fraud scheme ended up as an execution.

Michigan inmates Cameron Wade Sanders and Kevin Mykolaitis hatched a con while in prison to create a fake business, take out life insurance on each other as business partners, then fake one of their deaths and split the insurance money, officials allege. They set up the suspected scheme after getting out of jail—except for one fatal twist. Mykolaitis shot Sanders for real so he could keep the money himself, prosecutors say. His body was found in a field near a Detroit-area mall.

Mykolaitis called the insurance agency a week before Sanders’ body was found to ask if all of the premiums had been paid. If convicted, he faces life in state prison.

Source: Coalition Against Insurance Fraud

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