Viatical & Life Settlements
                                         consumer information
                                                            

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We do not buy
or sell
viatical contracts

 

 

 

 




(not the actual cover)
 Back Home Up Next

In sympathy
  with people
from 86 nations
  who lost loved ones
on 9-11

Reports on Future First Financial Group

bulletFlorida raids Future First offices, suspects clean-sheeting *
bulletFuture First banned from viatical business (2/18/00) *
bulletFuture First at Florida expo *
bullet Future First shifts focus to Senior Settlements 
bulletFuture First claims in-house anti-fraud measures influenced Florida legislation * 
bullet Alaska Securities Division issues cease and desist orders to FFFG and warns investors about the company. * 

Special Discount for the above 5 documents marked as *

Among the fraudulent policies Future First purchased are two that insured Ronald P. McDonald, the North Carolina viator who was sent to prison for 2 years for role in viatical fraud.
bulletInvestors: Know the source of the investment you are purchasing. (Example: American Life & Health of Florida sold investments for Future First. )
Future First's Charles Sussman sued insurer who issued cleansheeted policy to an Illinois senior. (Will investors lose again?) (10/01 - )
bulletJohn Hancock wins, Future First Financial loses lawsuit to cancel fraudulent policies (1/22/02). Will FFFG make good on these losses to investors?
Administrative law judge deceived by FFFG at hearing, orders light penalties (02/02). Department of Insurance requests rehearing.
bulletRehearing before administrative law judge results in orders to revoke FFFG'S Florida viatical license. (05/02).
FFFG announces it plans to appeal the revocation order, claiming it implemented stricter anti-fraud controls since 2000.
bulletFuture First Financial sends letters to investors demanding premiums (07/02). One problem for investors: "What if I send the money but the other ten who own shares do not send any money?" How to decide: See the Special Report, Should Investors Pay Premiums?
Florida law firm files class action on behalf of FFFG investors who were sold investments after the wet-ink policies were rescinded by John Hancock (07/02)
bulletState of Florida v. Sussman (case number CF 00-264)
Florida Insurance Department asks court to place FFFG in conservatorship (08/08/02)
bulletClass Action investor lawsuit filed against Future First
Future First bank accounts frozen (11/02)
bulletFlorida insurance dept. and Future First's Lies 
Florida judge approves loan by conservator of $1.5 million to pay premiums on policies for 4-5 months (09/02).
bulletState of Florida v. Future First Financial Group, Inc. (Case No.: CF 00-264) trial date moved from 11/18/02 to 1/21/03, then to May 19 in St. Augustine, Florida.
Future First continues in business -- using the same name (they are licensed in Illinois and Texas, two states which seem unconcerned about fraud) as well as other company names. Details in the Special Report, Secrets of Future First Financial.
bullet Future First loses Appeal, Elderly Investor's Pioneering Lawyers Win
bullet FFFG officers arrested , bond set (05/2/03)

Free Information:
This website has more than 300 pages of free information. More information is available through our books, many of which can be borrowed from your local library. Please do not contact us for additional free information. We have neither the time nor the resources to allow us to respond -- and we do receive many inquiries each week. However, when there are a number of questions on the same issue, such as "Should Investors Pay Premiums?" we will publish a Special Report.

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