Guarantee in alleged Ponzi scheme called fiction
Two indicted men pushed bonds that were supposed to ensure ‘viaticals’ payoff.
By Dale Kasler
Pouring $430,000 into obscure investments called “viaticals,” John Wilson never wavered. The deal came with a security blanket: bonds issued by a Michigan company ensuring his payoff.
“It was guaranteed and insured, and there was no […]
I found this article when I was searching for more Life Settlement News. It is mainly about money laundering but then discusses a little a bit about a life settlement scenario.
The problem with this article is that his numbers do not make any sense at all. An $8 million life insurance policy selling for $4 […]
Over the past 3 or 4 years, North Dakota’s Republican Party and Jim Poolman have been cozying up to one little corner of the viatical settlement industry. From all appearances, they specifically have been cozying up to the folks at one company: InsCap. The publicly accessible money trail between the viatical people and North Dakota’s […]
Florida To Develop Rule Requiring Extensive Disclosure To Viators In Viatical Settlement Transactions
On August 24, 2007, the Florida Office of Insurance Regulation (OIR) published a notice that it intends to develop a new rule that would require viatical settlement providers and brokers to make detailed and comprehensive disclosures to viators regarding the terms of the […]
Structured product specialist Meteor is teaming up with EEA Fund Management to launch its first open-ended product, a viaticals vehicle targeting 8% per annum.
The Meteor Senior Life Settlement Sterling fund, which comes to market on 1 October, invests in policies issued by American-based life assurance companies such as AIG
and Prudential.
ViaSource, the specialist life settlements provider, […]
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