Outraged Man Repays Insurance With Four Tons of Quarters

by Ryan Hauck | August 2, 2013 4:10 pm

Outraged Man Repays Insurance With Four Tons of Quarters

A man ordered to forfeit $500,000 in insurance money he received after his son’s death in a car crash made his first payment entirely in quarters, the AP reports[1].

Roger Herrin’s 15-year-old son, Michael, died in 2001 when a truck ran a stop sign and collided with the Jeep Michael was riding in with three other people. Herrin’s personal insurance provided him with $1.6 million and Herrin received the lion’s share of an $800,000 pay out split between him and the three passengers who survived the crash. However, an Illinois appellate court ruled that a larger portion of the payment should have gone to the survivors.

In protest, Herrin delivered $150,000 to the offices of the survivor’s lawyers in 150 bags of quarters weighing 50 pounds each.

Herrin says that he opted for such an outlandish payment method not merely out of spite, but to attract publicity for what he views as the unfair handling of his case.

For the law firm accountant stuck counting the coin, it could have been worse. Herrin originally planned on amassing 15 million pennies before realizing the difficulty of that scheme.

Endnotes:
  1. the AP reports: http://bigstory.ap.org/article/man-repays-insurance-money-4-tons-coins-0

Source URL: http://investorplace.com/2013/08/outraged-man-repays-insurance-with-four-tons-of-quarters/
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