Yellow submarine fraud scam sunk.

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Product Description
From the supplier: The Supreme Court of the Turks and Caicos Islands charged Gerald Eugene Thornton with selling about $1.6 million in worthless property and liability insurance policies for motor vehicles. Thornton successfully used an undersea tour business called the Mid-Atlantic Representative Association Ltd as a front until policyholders complained about not being compensated. Thornton was fined $7,000 and sentenced to three and a half years in prison.
Citation Details
Title: Yellow submarine fraud scam sunk. (motor vehicle insurance fraud)
Author: Christopher Dauer
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: April 18, 1994
Publisher: The National Underwriter Company
Issue: n16 Page: p4(2)
Distributed by Thomson Gale
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