Airline: Pilots Divorced to Defraud Pension Plan

Some people may marry for money, but recently several airline pilots have been accused of divorcing for cash. Continental Airlines claims nine pilots divorced their spouses, who were named as the benficiary for their pensions, and then remarried the same spouse after the payouts began. It's essentially a form of alimony in reverse. According to the suit, filed in U.S. District Court in Houston, the pilots and their spouses divorced so that they could take advantage of a provision in federal...Full Story
Commenting on this article is closed.