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Sunday, October 20, 2024

Travis M. Scott: The Swindler

     In 2006 Travis Magdalena Scott owned a computer company in Crystal, Minnesota that provided software to the U.S. Military and the private sector. That year the 29-year-old filed a false insurance claim with Lloyd's of London based on a phony lightening strike he said had wiped out his computers and ruined his business. The insurance company paid him $3 million.

     Two years later Mr. Scott was living in a 15-room, 5,300-square foot $1 million mansion in the Twin Cities area town of Eden Prairie. He owned a new computer company and had filed another false insurance claim. This time to indemnify him for another computer destroying lightening strike. The insurer paid him $9.5 million.

     The FBI opened an investigation of Scott in 2010 and in early 2011 a federal grand jury sitting in Minneapolis indicted him for wire fraud, money laundering and insurance fraud. If convicted of all charges the suspect faced up to thirty years in prison. FBI agents seized three of Scott's airplanes, a boat, three vehicles and $5 million from various bank accounts in his name. Scott's mansion, taken over by the bank and put on the market, was now worth $600,000.

     In May 2011, pursuant to a plea deal involving a sentence of between five to ten years in prison, Travis Scott pleaded guilty to all charges. His sentencing hearing before a U.S. District Court judge was scheduled for mid-September 2011.

     A week before his sentencing Mr. Scott staged a suicide by leaving his Kayak on the west shore of Lake Mille Lacs. Inside the overturned Kayak he left a suicide note in which he wrote that he had drowned himself by jumping into the middle of the lake wearing heavy weights. (Had this been true it would have been an odd suicide.)

     Following the staged suicide Mr. Scott flew his Piper airplane from the Flying Cloud Airport near Eden Prairie to the St. Andrew's Airport in Winnipeg, Canada. The aircraft bore fake Canadian registration decals. Three days later Mille Lacs County Sheriff's deputies found the Kayak and the phony suicide note. The local authorities listed Scott as a missing person and various law enforcement agencies in the region searched for his body.

     In Winnipeg, under the name Paul Decker, Travis Scott set up residence in a downtown apartment. He purchased a Jeep and lived with a cat. Things were going smoothly for the missing businessman until December 22, 2011. The Canadian authorities caught up to him 82 days after his staged suicide when, at a Winnipeg pharmacy, he used a forged prescription slip to acquire pills for his anxiety disorder.

     Police officers searching Scott's apartment seized $35,000 in U.S. and Canadian currency. The Winnipeg officers also recovered $85,000 in gold and silver coins. In Scott's Jeep searchers found a loaded .45-caliber handgun. The officers seized Scott's Jeep and Piper aircraft.

     On February 11, 2013, Mr. Scott, now 37, pleaded guilty in a Winnipeg court to possession of a firearm and a customs act charge for failing to report to border officials. The judge sentenced him on the spot to three years and three months in a Canadian prison.

     In Minnesota, on November 19, 2013 a federal judge presided over Travis Scott's sentencing hearing pertaining to his May 2011 guilty plea. At that proceeding the defendant argued that if the judge gave him probation he'd be able to work and pay back the money he had stolen. The federal prosecutor countered that argument by labeling Scott a "manipulative person" who showed no remorse for his crime.

     The U.S. District judge sentenced Travis Scott to 12 years 8 months in prison and held him responsible for more than $11 million in restitution. 

3 comments:

  1. Government should take strict action against various fake insurance claims . So that others may think before planning a insurance claim scam .

    Thanks
    William Martin

    Financial Claims Made Simple

    ReplyDelete
    Replies
    1. What's sad Mr Martin is that you thought I was him and thus had my information on my computer hacked and tried to have me set up. Sarah Ann Atchley

      Delete
  2. There must be a heck of a back story between Ms Atchley and Mr Martin. As someone who dealt with Mr Scott on some real estate, his web just keeps folding out further and further. Still some properties out there that the feds would not seize calling them too much trouble.

    ReplyDelete