00:04Hi, I'm Dolores Wheeler. I am your researcher today. My company researches all kinds of fraud
00:13and today we're talking about the insurance companies and I have a head, a CEO of a very
00:21large insurance company that handles all facets of insurance, Mr. BS Fraudster. Welcome Mr. Fraudster.
00:29I have many questions for you that our public is anxiously awaiting to hear your answer.
00:36Just follow far away. Well, it's come to my attention that many people pay a lifetime of
00:45insurance premiums and when it comes down to actually getting paid for what is in their
00:52contract, your company doesn't follow through. You fight them constantly. Tell me why.
01:01Well, I have great expense. I have to fly and do all these seminars. I have a very expensive
01:11wife. I have to send my children to private school to keep up the image of the insurance
01:19company and I have this giant staff of attorneys that have to protect us. Okay. And Mr. Fraudster,
01:30why is it you need a $10 million salary annually to cover all this? What do you do for $10
01:38million?
01:39Well, first things first, I think the $10 million is a little on the light side. I've been fighting
01:46with corporate. I really need $15 million because I'm so busy. Don't you get that?
01:54But you have not itemized exactly how you're paying for all this stuff. Do you need to fly in
02:03your own private Learjet to all these luncheons you have for all these different people?
02:10Of course I do. Of course I do. I'm very well worth it. They're not paying me enough for what
02:18I do.
02:19Matter of fact, if there's another insurance company out there that wants to hire me,
02:23I'm probably available because $10 million is a little short.
02:28It's just saying that some of your employees, even with your insurance, you fight them and they're
02:37paid very little. Why? Well, how can we have $200 billion in the bank if we just pay everybody
02:45everything they want, including the own employees? They make a good salary. It's enough to get by on.
02:51Okay. And they just re-varnished the deck of my yacht. It's very important. You have to
02:58have these things to show other people. All right. Well, thank you, Mr. Rockster for your insight
03:05into your insurance company.
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