Aruba Suspect Reportedly Took Out $1.5M Policy


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The suspect in the case of a Maryland woman who disappeared in Aruba took out an insurance policy before heading out on the trip, according to police.

Police sources tell ABC News that Gary Giordano, 50, purchased a $1.5 million accidental death policy plan, in which he is listed as a beneficiary. Giordano opted for the pricier one-year plan instead of a cheaper, five-year policy, the source said.

But Aruba's Solicitor General Taco Stein told People that he's heard varying amounts on the value of the insurance, ranging from $500,000 to $1.5 million. He added that investigators have yet to determine the policy's significance.

The FBI is also involved in the investigation of the insurance policy, ABC News reports.

Aruban authorities announced plans Tuesday for an extensive search involving police, firefighters and possibly the military, as investigators try to determine what happened to 35-year-old Robyn Gardner.

Gardner was reported missing Aug. 2 by Giordano, who said she was apparently pulled away by ocean currents while they were snorkeling. The pair had come to Aruba on July 31 for a short vacation.

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