White out was tool used in multimillion$$ funeral scam according to the FBI
A “funeral guy” has committed a multimillion dollar funeral crime using “White Out” a tool that many have in there home. Randall Sutton The President of National Prearranged Services(NPS) used White Out to alter documents to insurance policies and steal millions. This is according to the Department Of Justice Press Release.
The NPS Funeral Scandal has cost 7 states up to 600 million dollars in State Guaranty Assurance payments. A Civil Funeral Preneed Lawsuit has been filed in Federal Court to recover the money.
The President of National Prearranged Randall Sutton has been arrested and indicted. One of the tools used “was White Out” or Correction fluid in the fraud scheme taking money from pre-need policyholders and funeral homes.
From the “FBI Federal Bureau of Investigation Press Release” :
“According to the indictment, beginning in 1998 and continuing until 2008, Sutton and others, defrauded National Prearranged Services’ customers, states’ guaranty funds, and funeral homes doing business with National Prearranged Services………For example, at the time they purchased prearranged funeral services, many customers completed applications for life insurance policies indicating they were making payment in full for insurance policies that would fund their funerals.
Employees at National Prearranged Services, with the knowledge and under the direction of Sutton, simply whited-out the indications that payments had been made in full and altered the documents to make it appear as though the customers had made partial payments. The altered documents were forwarded to life insurance companies such as Lincoln Memorial Life, who adopted the policies and assumed the obligation to pay a lump sum at the time of the customer’s death. National Prearranged Services, meanwhile, diverted the difference between the true full payments and the falsified partial payments from the customer’s insurance policy, thus retaining the vast majority of the customer’s lump-sum payment while transferring the obligation of future pay.
Funeral Industry |Funeral blog by yourfuneralguy
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