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View Full Version : Hey OlVet...watch out for old ladies!



Okla-homey
7/16/2008, 07:22 AM
:eek:


Elderly LA Women Take Out Insurance on Homeless Men Then Kill Them for Cash

Jul 15 03:14 PM US/Eastern
By LINDA DEUTSCH
AP Special Correspondent

LOS ANGELES (AP) - Two elderly women were sentenced to life in prison without parole Tuesday for murdering two indigent men to collect insurance policies taken out on their lives.

Los Angeles Superior Court Judge David Wesley on Tuesday sentenced 77-year-old Helen Golay and 75-year-old Olga Rutterschmidt to two consecutive life terms each.

In April the women were convicted of a scheme in which they befriended homeless men, took out insurance policies on them and then killed them in murders staged to look like hit-and-run auto accidents. Prosecutors say the women collected $2.8 million before the scheme was uncovered.

The judge denounced the women, saying the men they killed needed only food, water and shelter and thought the women were going to help them.

"Instead, these unfortunate men were sacrificed on your altar of greed," Wesley said.

Both women were convicted of first-degree murder and conspiracy to murder for financial gain in the 1999 death of Paul Vados, 73, and the 2005 death of Kenneth McDavid, 50.

Both men were run over by cars in dark alleys. Police linked the cases when a detective investigating one overheard a colleague describe a similar case.

Defense attorneys had conceded the women were involved in insurance fraud but denied they had formed a murder conspiracy. Golay's attorney, Roger Jon Diamond, said during the trial that the women's idea was to insure old, sick homeless people who would die more quickly.

The jury that convicted the women in April saw a secretly recorded videotape of the defendants in a lockup after their arrests. Rutterschmidt berated Golay, saying her actions in taking out 23 insurance policies raised a red flag when the men died.

"It's your fault," Rutterschmidt told Golay. "You can't have that many insurances. ... You were greedy. That's the problem."

olevetonahill
7/16/2008, 07:35 AM
That does work BOTH ways Yaknow ;)

StoopTroup
7/16/2008, 09:07 AM
Women r teh evil. :D ;)

sooner_born_1960
7/16/2008, 12:41 PM
Are you allowed to take out life insurace on random people.

Bone
7/16/2008, 01:03 PM
Are you allowed to take out life insurace on random people.

Seems like if you could, then there would be an opportunity there for a form of legalized gambling. Do a little research, identify good candidates (ones that are at a high risk of dying soon, but don't cost too much to cover), sit back and wait. I'm sure there are legal issues here like prior debt that would interfere.

sooner_born_1960
7/16/2008, 01:47 PM
Seems like if you could, then there would be an opportunity there for a form of legalized gambling. Do a little research, identify good candidates (ones that are at a high risk of dying soon, but don't cost too much to cover), sit back and wait. I'm sure there are legal issues here like prior debt that would interfere.
That's what I was thinking. Identify people who are't likely to live up to the mortality tables. Plunk down some money, and wait.

soonermix
7/16/2008, 02:42 PM
with a redneck's famous last words "Hey Yall watch this!"

Okla-homey
7/17/2008, 05:45 AM
Are you allowed to take out life insurace on random people.

No. Generally, there has to be what's known as an "insurable interest." That is usually demonstrated by a familial relationship in the person or an economic interest in their life. For example, presumably an agent could insure the life of one of his professional athletes. I have no idea how these broads were able to do it unless CA lets you buy life insurance on people you claim as close friends.

That's the thing. Insurance law is a creature of state statute. Thus, if the CA legislature decided to let people insure the lives of their pals, that would be cricket in CA.

I know this. You can't in Oklahoma. For precisely the reason you guys hit on. IOW, insuring the life of someone you have no interest in could lead to shenanigans as it did here.

Please note. A person can buy life insurance and name someone outside their family as a beneficiary. that's what Pokey did when they urged orange people to name oSu as a beneficiary on their policies. It might be, these old CA broads gave the homeless d00ds the money for the premiums and had them name the ladies as bene's.