May 3, 2013

Fired McDonald's Exec Alleges Company Condoned “Illegal Insurance Scheme” - Crain's Chicago Business

"A former McDonald's senior insurance director alleges that the company condoned an “illegal insurance scheme” regarding insurance policies for Happy Meal promotions. In an age-discrimination lawsuit filed May 1, James Kasprzyk charges that a company affiliated with McDonald's makes Happy Meal toys and another McDonald's-affiliated company insures them. That company, McDonald's"

Crain's Article is HERE

Copy of the Lawsuit is HERE
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2 comments:

Anonymous said...

In an age discrimination lawsuit filed May 1, James Kasprzyk charges that a company affiliated with McDonald's makes Happy Meal toys and another McDonald's-affiliated company insures them.

That company, McDonald's Owner/Operator Insurance Co. (MOOIC), is controlled by McDonald's employees, including Vice President of Insurance Larry Long, Mr. Kasprzyk's former direct supervisor, according to the lawsuit.

Anonymous said...

The lawsuit says the supervisor, Mr. Long, negotiated the policies. “Long often remarked that the insurance company, MOOIC, was not really an insurance company and they were just moving money from one pocket to another inside the McDonald's system, or words to that effect," the lawsuit states. "Long even joked about spending time in prison if the scheme was ever discovered.”