ICBC meets its match yet again - Scammers get scammed
Thursday, February 19, 2009 1:11ICBC asked courts to freeze Dawson City Businessman’s assets
The Insurance Corporation of British Columbia has asked a Yukon court to freeze the assets of a Dawson City businessman who it allegedly involved in an auto insurance scam.
Mike Palma was one of 22 people named in a lawsuit filed by ICBC in August, claiming it was defrauded of $553,000.
ICBC said Palma owns a body shop in Surrey, B.C., that is central to the alleged scam.
Land title documents show that within days of the lawsuit’s filing, Palma rearranged his financial holdings.
Nine of his Dawson City properties, plus some of his B.C. real estate, were turned over to a Toronto businessman, Giuseppe Villacci.
ICBC investigators claim the transfers were made to keep the insurance company away from Palma’s money.
It is asking the Yukon Supreme Court to nullify the transfers and freeze all of Palma’s property.
No date has been set for the Yukon court to deal with the case. The trial for the B.C. lawsuit is expected to be held in the spring of 2008.
Palma could not be reached for comment.
Source: CBC
Article Publication Date: Jan 3, 2007
ICBC-VICTIM says:
February 19th, 2009 at 1:17 am
The above claim is funny because just as Palms owns ONE body shop in Surrey, ICBC - THE BIGGEST SCAMMERS who provide insurance to EVERY BC Driver have been scamming us for millions of dollars.
Palms made a very smart move by transferring assets from its name. This in am example of how to protect yourself when you own a lot of property or have money in bank and ICBC tries to SCREW YOU with thousands of dollars, which a working man or woman can not pay.
When ICBC tries to SCREW YOU, and you do not want to lose a whole lot of money to ICBC, simply move your assets to your family member or a friend you trust and declare Bankruptcy. ICBC can not do anything (This is true and tried formula; its extreme but its the only thing that works against ICBC).