Page 105 - Bundle for MF Final

Bates no 104

Diamond Insurance paid compensation and incurred costs in respect of Mr Solheim's claim of
£1,039,813.02. This is the minimum amount it might seek to recover from Mr Solheim if his
claim is shown to be duplicative or improper and/or fraudulent. LPJS and MJC witnesses for
Diamond

5. DETAILED DISCREPANCIES
Points to note:

As asked of Mr Solheim Reality
As stated on the schedule

Shows an insurance shortfall of £1,605,000 Overclaim of £981,083.25
Sworn for court Not dated, signed or sworn
Name of author not shown
A comprehensive account of assets, liabilit Incomplete and misleading
income and expenditure required = Net worth
NPV of earnings to age 65 - £2.520,00 A maximum of £876.491.00. Ignores all future earnings
and that he would be unemployed for life
Loss of licence claims Misclassified AIG personal accident as LOL
Pay-out "Loss of pilot licence" = £915.000 Loss of pilot licence £394,936.92
Concealed AIG personal accident £525,397.60
Total £920,334.52
� Misclassifies the AIG policy a loss of licence
"I loaned Louise £500,000 to be drawn down for There was no such written or oral security. Mr Solheim
living expenses and secured against her equity would not tell LPJS whether he considered the £500,000
interest in Nutley Place. This was blocked by to be a loan or a gift or discuss his finances
Anthony Siggers" He does not claim that the loan was currently
outstanding and implies that it was negated by Mr
Si2'2'ers' block
He had deposited the £500.000 in the mortgage account
in a disingenuous way with the specific objective that it
could not be drawn down
The "block" by Mr Siggers had no effect as Mr Solheim
knew
Insurance claim against lady driver agreed at Total damages agreed= £460,000.00
£325,159.94
Expect future income based on a daily rate of Settlement based on his statement that future earnings
£450 amounting to between £3,600 to £4,500 a would be £25,000 pa on net present values. After
month before tax - say £48,000pa Diamond had settled. he quickly found a job with
achievable earnings of £40,000 to £60,000 per annum
Personal debt= Total £70,000 Disassociates himself from the £500,000 in mortgage
account and other insurance compensation Mr Solheim's
current bank balance was in excess of £400,000. He was
the owner of multiple luxury cars and had NO DEBT

The common threads running through the schedule

• Mr Solheim was not financially harmed as a result of the accident: in fact, he received
windfall benefits. At one time he boasted that the Diamond Insurance policy was
"worth millions" and was "his golden opportunity';
�
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