Asbestos Fraud
by Dr. Jack Wheeler
"In the past dozen years, 700,000 people have sued over 8,000 companies, schools, and municipalities for asbestos-exposure damages. In 2003, some 110,000 individual claims were filed in that year alone. Asbestos litigation has bankrupted over 70 corporations, costing 60,000 jobs, and forced companies to pay out over $70 billion in court judgments and settlements. The suits were filed as “class action” lawsuits by trail lawyers, who of course got most of the money.
The litigation is predicted to eventually produce as many as 3 million individual claims, with a final total of $200 to $300 billion paid by businesses and insurance companies in judgments – or by the taxpayers via Arlen Specter’s bill in the Senate should those companies go bankrupt which many will. That’s over a quarter of a trillion dollar pot of ripped-off gold at the end of the trial lawyers’ rainbow.
And over 95% is willful fraud. The quarter-trillion dollar asbestos litigation is a criminal conspiracy between plaintiff trial lawyers and the medical doctors they bribed to fake the evidence."
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