Archive for the ‘Life Settlement Update’ Category
Current Assumption UL Policies and Life Settlements: Made For Each Other – LifeHealthPro
 LifeHealthPro |
Current Assumption UL Policies and Life Settlements: Made For Each Other
LifeHealthPro By Russel Dorsett, CLU One of the hallmarks of a well-managed portfolio of life settlements is that the premiums required to support the policies are well “optimized.” To minimize future cash requirements and maximize returns, the fund manager seeks to … |
FSA to restrict access to exotic investments – Investors Chronicle
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FSA to restrict access to exotic investments
Investors Chronicle The regulator has already issued guidance against marketing traded life settlements and is now consulting on restricting marketing of a wider range of Ucis. These are already restricted in that you have to self-certify yourself as a high-net-worth or … |
Chamber cites Evanston leaders at annual meeting – Evanston Now
 Evanston Now |
Chamber cites Evanston leaders at annual meeting
Evanston Now O'Grady succeeds Dan Mennemeyer, owner of Lake Cook Life Settlements. At the dinner meeting, the Chamber honored winners of three annual awards—the Small Business Person of the Year Award, the Public Service/Non-Profit Award, and the Community … |
Settlement of Federal Criminal Probe Could Boost Imperial Holdings
The publicly trades shares of Imperial Holdings are likely to rebound, investors said, after the com…
Provident Capital's Calvo Convicted of Fraud in Longevity Bond Scheme
Minor Vargas Calvo, president and majority owner of Provident Capital Indemnity, was convicted of le…
FSCS pays out to clients of IFA accused of Ucis mis-selling – Citywire.co.uk
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FSCS pays out to clients of IFA accused of Ucis mis-selling
Citywire.co.uk In December 2010 the Financial Ombudsman Service (FOS) upheld a complaint Thomas made against Pave, which had advised Thomas to invest in EEA Life Settlements and Connaught Guaranteed Low Risk fund Series 1. The claim was later referred to the FSCS. and more » |
SEC Files Charges Against Michael Mcnerney Former Attorney For Mutual Benefits – Citybizlist (press release)
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SEC Files Charges Against Michael Mcnerney Former Attorney For Mutual Benefits
Citybizlist (press release) In its complaint, the Commission alleged that the defendants raised over $1 billion from thousands of investors through a fraudulent, unregistered offering of securities in the form of fractionalized interests in viatical and life settlements. |
PCI President Vargas Convicted Of $485 Mln Reinsurance Fraud – Wall Street Journal
 Today’s THV |
PCI President Vargas Convicted Of $485 Mln Reinsurance Fraud
Wall Street Journal Vargas's company sold financial guarantee bonds to companies selling life settlements–or securities backed by life settlements–as a way to alleviate the risk of insured beneficiaries who live beyond their life expectancy. US Attorney Neil H. MacBride … Va. jury convicts Costa Rican man in $485M fraudHuffington Post Owner of Costa Rican Firm Convicted of $485 Million FraudBloomberg all 203 news articles » |
Va. jury convicts Costa Rican man in $485M fraud – NewsOK.com
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Va. jury convicts Costa Rican man in $485M fraud
NewsOK.com US Attorney Neil MacBride said in a written statement that the fraud affected thousands of victims worldwide, including some who lost their life savings by investing in life settlements based on Provident's worthless guarantees. |
Va. jury convicts Costa Rican man in $485M fraud – Huffington Post
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Va. jury convicts Costa Rican man in $485M fraud
Huffington Post US Attorney Neil MacBride said in a written statement that the fraud affected thousands of victims worldwide, including some who lost their life savings by investing in life settlements based on Provident's worthless guarantees. and more » |