Father killed 23-year-old son for $700k insurance payout

On the day his trial was scheduled to begin, Karl Karlsen finally admitted to murdering his son five years ago to collect on a life insurance policy. Prior to his guilty plea, Karlsen had vehemently denied any wrongdoing.

In 2008, the 53-year-old caused his son, Levi Karlsen (then 23 years old), to be crushed to death under a pickup truck in Seneca County, New York. The fatal incident happened a mere 17 days after Karlsen took out a life insurance policy on his son. Following the death, he collected $707,210.

For more tales of insurance fraud: 5 notorious, homicidal tales of life insurance fraud