Chubb Payment in Jones Case Likely a Scam
Judicial Watch Press Release
1/13/99 Larry Klayman
Chubb Payment in Jones Case Likely a Scam
Clintons Take Influence Peddling to "New Art Form"
Today, it was reported that President Clinton has settled the Jones case by paying $850,000. However, $475, 000 of the amount comes from his cashing in a standard personal liability policy with Chubb Insurance Company. State Farm, the other company who previously paid Clinton's legal fees, but which was sued by Judicial Watch on behalf of policyholder Tom Flocco, wisely refused to be part of the scam.
"How many average Americans can cash in their personal liability policies, or auto insurance, for close to one half a million dollars? In fact, needy Chubb policyholders should now attempt to do so, to pay their families' needs," observed Judicial Watch Chairman Larry Klayman. "If Chubb can be so 'kind' to the President, why should other Americans not cash in?"
"The Clintons, who reportedly have assets well over $2 million dollars, continue to profit from influence peddlers. The insurance industry is the biggest and most powerful lobby in Washington, and through Chubb's scam payment, it has obviously bought future favors, and likely paid for old ones," added Klayman.
Judicial Watch has pending before Judge Susan Webber Wright a motion to block the Jones settlement as being allegedly illegal.
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