Hole in one insurance – it’s a real thing and offered
for many golf tournaments to pay a cash prize in the event that a participant
is lucky enough to drain a hole in one.
One wonders how the perpetrator of insurance fraud might take advantage
of this type of insurance.
Insurance Fraud Digest has found a story for you.
Kevin Walter Kolenda found a way to do just
that. He created a bogus insurance
company called Golf Marketing Worldwide, LLC and convinced several tournaments
to purchase Hole in one insurance for the event. Then he pocketed the premiums and never made good on those
events where someone actually did get a hole in one.
Kolenda refused to pay prizes to lucky golfers in
Bremerton, WA, Vancouver, WA, and Snohomish, WA.
As of December 21, 2012 Kolenda is free on bond.
