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Archive for February, 2009

Texans lose millions in insurance scheme – United Press International

Friday, February 27th, 2009

Texans lose millions in insurance scheme
United Press International
The firm, National Life Settlements, has been placed under the permanent receivership of Houston attorney Janet Mortenson and all of its bank accounts have been frozen, the San Antonio Express-News reported Friday. "The beauty of this fraud scheme was

State cash locked in ailing fund – WA today

Friday, February 27th, 2009

State cash locked in ailing fund
WA today, Australia
The startling admission puts further pressure on the Victorian Funds Management Corporation over its decision to put $600 million of public sector superannuation savings into the Life Settlements Wholesale Fund. The fund buys discounted life insurance

A SQUARE :: 26Feb09 Premium Financing/Life Settlements Fund – Opalesque

Friday, February 27th, 2009

A SQUARE :: 26Feb09 Premium Financing/Life Settlements Fund
Opalesque, Germany
US life insurance market is a multi-trillion dollar industry – est. USD19.1 trillion of life coverage currently in force (source – Life Insurers Fact Book 2007, American Council of Life Insurers) A study made by iFAST Research Team and published on

Craiglist used to lure retirees, investors in scam, officials say – Houston Chronicle

Friday, February 27th, 2009

Craiglist used to lure retirees, investors in scam, officials say
Houston Chronicle, United States
On Thursday, Travis County State District Judge Scott H. Jenkins ordered a temporary injunction against National Life Settlements of Houston and placed the company under permanent receivership of Houston lawyer Janet Mortenson.

Retirees bilked of $30 million in scam shut down by state – Houston Chronicle

Thursday, February 26th, 2009

Retirees bilked of $30 million in scam shut down by state
Houston Chronicle, United States
On Thursday, Travis County State District Judge Scott H. Jenkins ordered a temporary injunction against National Life Settlements of Houston and placed the company under permanent receivership of Houston lawyer Janet Mortenson.

A SQUARE :: 26Feb09 Premium Financing/Life Settlements Fund – Opalesque

Thursday, February 26th, 2009

A SQUARE :: 26Feb09 Premium Financing/Life Settlements Fund
Opalesque, Germany
US life insurance market is a multi-trillion dollar industry – est. USD19.1 trillion of life coverage currently in force (source – Life Insurers Fact Book 2007, American Council of Life Insurers) From Komfie Manalo, Opalesque Asia: Singapore-based

Generate cash from a whole life insurance policy| AspenTimes

Thursday, February 26th, 2009

Sell your life insurance for cash. Called a “life settlement.” This has happened because a secondary market has developed for whole life insurance. Hedge funds, and institutional investors who wish to make a good rate of return with a non-market correlated instrument may purchase your policy for substantially more than its current cash value.

First Penn Appellate Ruling Upholds Lower Court Decision

Thursday, February 26th, 2009

A federal appellate court issued a decision today in the closely watched First-Penn Pacific Lif…

First Penn Appellate Ruling Upholds Lower Court Decision

Thursday, February 26th, 2009

A federal appellate court issued a decision today in the closely watched First-Penn Pacific Lif…

First Penn Appellate Ruling Upholds Lower Court Decision

Thursday, February 26th, 2009

A federal appellate court issued a decision today in the closely watched First-Penn Pacific Lif…