Flip and get more details on the former Kansas City Chiefs WR Jeff Webb…
According to police, Jeff Webb racked up over $139,000 in fraudulent claims.
Bloomberg has more details:
Webb, 34, who played for the Kansas City Chiefs, was arrested on multiple felony counts following crashes that resulted in $70,000 in claims and a total potential loss of $139,000, the California Department of Insurance said Wednesday in a statement. As the leader, Webb allegedly received a bulk of the money paid by the victim companies, which included Progressive Corp., York Risk Services Group, Rental Insurance Services and Hertz Claim Management.
Insurance Commissioner Dave Jones said in the statement:
“California is ground zero for staged auto collisions.”
“Organized crime rings are responsible for the majority of staged collisions, which are costly to insurers and consumers.”
The group supposedly purchased insurance policies for privately owned cars and rental vehicles, and then purposefully crashed them. The suspects requested medical help even though the vehicles only suffered minor damage, according to the statement. The department was alerted by one of the insurance companies that suspected fraud.
Once those big NFL checks stop, some ex-players don’t adjust well to regular 9-5 jobs. MOST NFL players go bankrupt after their shinning years in the NFL because of wasteful spending and lack of planning for the future after the NFL.
Not every NFL player can be like Michael Strahan, or Marshawn Lynch. Food for thought up and coming players – plan for a future after the NFL immediately!
Worry about you, you mom and dad, brother(s) and sister(s) – everyone else can just deal with it. You made it happen…NOT them and you owe them NOTHING!
Friends and family can be a downfall so plan right and make sure to get a trustworthy financial advisor.