Oct 21st, 2009 at 1:00PM: Back in May, Continental Airlines sued nine pilots for getting sham divorces. The marital splits were part of a play for pension benefits, with the "ex" collecting while the pilot keeps earning. It's good cash if you can find it, but Continental wasn't thrilled at having to bear that extra cost. On Monday, a federal judge told the airline to live with it, ruling in favor of the pilots. Regardless ...Click on a label to read posts from that part of the world.
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Continental sham divorces pass court test
Oct 21st, 2009 at 1:00PM: Back in May, Continental Airlines sued nine pilots for getting sham divorces. The marital splits were part of a play for pension benefits, with the "ex" collecting while the pilot keeps earning. It's good cash if you can find it, but Continental wasn't thrilled at having to bear that extra cost. On Monday, a federal judge told the airline to live with it, ruling in favor of the pilots. Regardless ...Continental pilot pension scam, nine disappointed pilots
May 24th, 2009 at 12:00PM: Continental Airlines is looking to cash in on pilots who cashed in on a divorce scam. The pilots used sham divorces to divert more than $10 million to their ex-spouses. Post-divorce, the exes cashed in on retirement benefits, and the fliers could stay in the sky – and keep earning.
It's really pretty simple. A couple divorces. The pilot assigns all pension benefits to the ex-spouse. Then, ...
