Major Insurance Company Could Likely Face Bribery Charges

The State Farm Insurance Company is in hot
water as new evidence has emerged, showing that they funneled money into the campaign
of a judge who threw out, just happened to have thrown out a billion dollar judgment
against the company. So what they do, Peter? They start pumping more than $4 million into
a campaign on PR, to try to change all this, and so they do get their judge elected, right? Oh they do. Not only is he elected, but he ends up being
the Chief Justice of the Illinois Supreme Court. Let me point out, that's its state court- Absolutely, yes.

-Because this now a federal court looking
at it. But tell us what happened here. These facts are crazy. It is crazy.

State Farm decided, "I tell you what, we think
we can unwind this billion dollar judgment by dumping a few million dollars into this
campaign, and when that judge gets on the bench, he's gonna help us unwind our billion
dollar judgment." Hey, it's cheap, it's a heck of a lot cheaper
to pay- Than pay the billion dollars. -To pay [inaudible 00:00:59] they went out
and organized a ... State Farm, they went out and organized an entire infrastructure
to help get this guy elected. They pumped $4 million into the campaign,
through various entities, and they ended up ultimately getting the judgment unwound.

What's so interesting, when you understand
what this company was hit for, State Farm was hit for selling parts to cars that were
sub-standard parts. In other words, they would say to a body shop,
they'd have these scams with body shops, and the body shop would take a part that should
have cost a $100, but it cost $50 because it wasn't the right part, it was a sub-standard
part. And so they caught them doing this, and so
jury comes back and does what you would expect, they get hammered. A billion dollars, I mean, crazy numbers.

So we can get that unwound by pumping money
into a campaign for one of the elected officials. Only in Illinois, I mean it- Well let me just tell you, this federal judge
Herndon, he's a judge you do not play with. I've been in front of him, we've been on trial
in front of him all the way back to the [Yazz 00:02:11] cases. He is a serious business federal judge, and
my call on this is this company's in bad shape because this federal judge that State Farm
tried to get the federal case dismissed, because what had happened is, there was a RICO kind
of action brought against State Farm for trying to pump money into this judge, to get the
judge to dismiss the case.

It's a RICO case. It's a RICO case. It's organized crime, they file the case,
it's a RICO case, and he said, "No, we're gonna let it stand." [Crosstalk 00:02:44] Federal judge says, "I
want to hear more about this." "This has got legs." He thinks, so- He refused to dismiss the case. Throw it out.

I think State Farm's in trouble, and really,
as you look at this, this judge should be in very serious trouble as these facts come
out..