NAME: US FRAUD 2 20060520I TAPE: EF06/0433 IN_TIME: 10:06:58:17 DURATION: 00:01:32:24 SOURCES: POLICE HANDOUT/ ABC DATELINE: Los Angeles - 18/19 May 2006 RESTRICTIONS: SHOTLIST Los Angeles Police Department video May 18, 2006 1. Fraud suspect Helen Golay being taken into custody by Los Angeles police official. 2. Golay in police car 3. Fraud suspect Olga Rutterschmidt being escorted by police officials 4. Rutterschmidt being helped into police car ABC (KTTV) May 19, 2006 5. SOUNDBITE (English) Jason Gonzalez, Assistant US Attorney: "The defendants befriended individuals who they convinced to obtain life insurance policies that named the women as beneficiaries." Los Angeles Police Department video May 18, 2006 6. Golay in police car 7. Cars leaving police headquarters 8. Various of federal and Los Angeles law enforcement officials during fraud investigation ABC (KTTV) May 19, 2006 9. SOUNDBITE (English) Detective Dennis Kilcoyne, Los Angeles Police Department: "Even though they're gaining financial gain for this that they would..would leave the actual dirty work to someone else or hire someone, we're not so sure about that anymore." ABC (KTTV) File - Date unknown 10. Various of homeless people STORYLINE Police in Los Angeles are investigating two women in their 70s who they believe hatched a scheme to offer two homeless men shelter, then collect more than two (M) million US dollars in insurance policies after they were killed in hit-and-run crashes. Police also believe the women may have committed the accidents and were befriending other men to set up more insurance policies. 75-year-old Helen Golay and 72-year-old Olga Rutterschmidt were arrested on Thursday for investigation of insurance fraud. They allegedly paid for victims Kenneth McDavid and Paul Vados to stay in apartments for as long as two years, police said. In exchange, police say, they obtained the men's signatures and opened more than a dozen life insurance policies that named the women as beneficiaries. In the November 1999 and June 2005 hit-and-runs, both victims were struck in the early morning hours and no witnesses were found, police said. Both deaths occurred shortly after the two-year period the women had to wait to collect the insurance money. Golay and Rutterschmidt, described by authorities as longtime friends, appeared in federal court on Thursday and were being held without bail. Both women were charged with eight counts of federal mail fraud for collecting money from insurance policies they held on McDavid and Vados.