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Because everyone loves lists, here’s one from the Texas Department of Insurance listing the Top 10 insurance-fraud offenders in the state–and, golly, a whole bunch of ’em are from Dallas and Fort Worth. To give you a sneak peek, here’s the chart-topper: Plano’s very own Walter Neuls, former president of Colonial Casualty Insurance Company, and his missus Deidra, who defraued the company out of some $750,000.
“The Neuls used the money to fund an elaborate lifestyle, including travel and extravagant personal purchases, resulting in the insolvency of Colonial Casualty. TDI subsequently placed the company in receivership. Both husband and wife received 120 months deferred adjudication for the offense of misapplication of fiduciary property and were ordered to pay $750,000 in restitution.”
Is this the part where I get to add that Walter Neuls was a George Dubya campaign Pioneer fundraiser in 200o? Well, he was. That meant he promised to pony up $100,000 for the future prez. Wonder where that dough came from, anyway? –Robert Wilonsky
