TPM muckraker is reporting on how
Ralph Reed and Abramoff conspired to use life insurance scams to cash in the deaths of old black people. I keep on looking at that last sentence to make sure I wrote it correctly, it's just too bizarre to believe, but then you read on.
We know how this scheme would have gone, because Abramoff pitched something similar to a cash-strapped Texas tribe, the Tigua. Basically, since the tribe couldn't pay Abramoff, he offered to arrange "a life-insurance policy for every Tigua 75 or older." When those elders died, the death benefits would have gone to Abramoff through one of his non-profits. The Tigua didn't take Abramoff up on the offer, but it was too good of an idea to let go.
So Abramoff apparently thought black churches were a good target. This would have been the same thing, according to GQ's Sean Flynn, except that it was African-Americans. Or as "a former associate of Reed's" told GQ, "Yeah... it sounds like Jack approached Reed about mortgaging old black people."
According to Abramoff's email exchange (under the subject line "Black Churches insurance program") with Reed in July of 2003 pitching the idea, it would have been huge:
Per our previous discussion, Abramoff wrote. Let me know how we can move forward to chat with folks who can set this up with African American elders. It can be huge. Thanks.
A file called "Charity Elder Program2.doc" was attached.
Three days later, Reed replied:
Yes, it looks interesting. I assume you’ll set up a meeting in DC as a next step, or whatever we should do next, let me know.
Wow, isn't that called insurance fraud? Beyond being racist and creepy, that should be outright illegal.
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