An Albany businessman and his wife were arraigned last week for allegedly trying to pass off their son’s suicide as an accidental death to collect insurance benefits.
State Attorney General Eric Schneiderman announced that Lawrence Rosenbaum and his wife Thomasine Henderson were charged with 10 counts of fraud for stealing over $12,000 in life insurance payments and attempting to collect $50,000 in life insurance benefits by misrepresenting the death of their son.
Online publication
auburnpub.com said Andrew Rosenbaum reportedly stepped into the path of an oncoming truck to commit suicide. But when Lawrence Rosenbaum learned that his Transamerica Insurance policy provided for up to $85,000 in payouts for accidental death, he and his wife allegedly acted together to make the death appear to be an accident. The couple was able to successfully claim a $12,000 initial payment from the insurer.
In addition to the fraud charges, Lawrence Rosenbaum was arrested on charges of stealing nearly $1 million from investors who shelled out capital to the companies he set up to purportedly manufacture kosher and halal cheese and bio fuels.
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