Posted on 05/15/2012 5:38:36 PM PDT by rawhide
HELENA, Mont. — Troy Peissig's surprise at acing an $18,000 hole-in-one contest at a charity tournament has been replaced by bitter disappointment now that he hasn't been paid a dime nearly two years after making the 170-yard shot.
Now state authorities are intervening, and issued an arrest warrant last week against the operator of an insurance company they say failed to pay up on a policy purchased by the Missoula tournament.
Peissig, a scratch golfer, said it is a case of "how a good situation can go bad quickly."
The Montana commissioner of securities and insurance said Kevin Kolenda of hole-in-won.com has been unresponsive in the case and now faces felony charges. The agency said Kolenda also has failed to pay in other cases around the country, and continues to operate the scam without a license to sell insurance even though he has been sanctioned by regulators in Alabama, Connecticut, Massachusetts, Nevada, North Carolina, and Washington.
Montana commissioner Monica Lindeen's office said it is highly uncommon to file felony charges — with an arrest warrant — against an insurance company. Usually disputes on unpaid claims are handled with fines or other administrative actions.
But the Montana regulators said they moved aggressively in order to stop Kolenda from selling the insurance all over the country, despite not holding a license to do so.
In a letter Kolenda sent to the tournament sponsor denying the claim, he claimed the hole was too short and violated the 165-yard minimum in the policy contract. Kolenda referenced the 130-yard length noted on the Missoula Country Club's standard score card.
But state investigators and local police determined the Missoula Country Club had indeed lengthened the hole for the tournament. Investigators said Kolenda ignored the witness statements and evidence provided by the tournament host.
(Excerpt) Read more at ajc.com ...
golf ping
fraud?
a form of theft?
The last time I golfed I only hit two good balls all day...and THAT was when I stepped on a rake in the sand trap.
That right there is a major American problem. Felony charges with arrest warrants should be commonplace throughout the land for white collar crime. Give these pasty-faced bastards some hard time. We'd have one helluva lot less corruption a year later.
I agree. Ours is a capitalist system in which performing per contract is crucial. Breaches of trust (fraud, ponzi scams, etc.) should rate some prison time.
LOL!!!
Wouldn’t that be something? The systems we have now, it’s just a license to steal.
In other news, Barack Obama is trying to contact this Kolenda fella about a possible position as his health care insurance czar. Obama said, “He seems to have the exact skill set we’re looking for - aggressively pushing insurance coverage, and then just as aggressively denying claims against it...”
I know. I know. I couldn't help myself. :).
I agree completely.
The eagle has already paid him.
Where’s Moose and Rocco when you really need them?
I wonder what kind of premium the contest organizers paid to the insurance company for the coverage. Anyone have a ballpark guess?
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