Viatical & Life Settlements
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Reports on the Kelco Companies

bullet Kelco raided by 80 FBI and state agents as part of Operation Cleansheet (5/19/00)
bullet Kelco after the raid -- the effect on its business
bulletMinnesota challenges Kelco's viatical license, alleges unreasonable payments to viators, fraud, etc. (07/01)
bulletKelco associate Charles ("Chuck") Cole, viaticalsettlements.com, admits fraud (09/01)
bullet19 people indicted for selling more than 80 fraudulent policies to Kelco. (2/02)
bulletKelco sues Conseco, charges the insurer with instigating the May 2000 FBI raid. (07/02)
bulletOfficials of Kelco and Genesis Viatical indicted by federal grand jury (07/12/02)
bulletKelco officers plead Not Guilty
bullet Trial date set for February 2003, expected to last one month
bulletKentucky department of insurance suspends viatical licenses for Kelco and its executives (07/02)
bullet Florida issues emergency orders to protect consumers, suspends Kelco's license (07/31/02)
bulletVirginia suspends Kelco's viatical license in view of federal charges of fraud (07/02)
bulletOregon suspends Kelco's viatical licenses in view of federal charges of fraud (11/02)
bullet Trial of USA v. Kelco, Genesis, Stephen L. Keller, Grant Sutherlin, Keith Drach began 2/18/03. Special Report includes details of the testimony against them and information about some of the criminals who will get lighter sentences for testifying against Kelco, et al.
bullet Guilty verdict for Kelco, Genesis, Keller, Sutherlin, Drach (03/14/03) Sentencing scheduled for June 20, 2003.
bulletJudge denies new trial for Kelco companies and the principals (05/03)
bullet Charles "Chuck" Cole of California, manager of Genesis Viatical, sentenced to 18 months (05/03)
bulletKeller, Sutherlin, Drach sentenced to 12-14 years (08/03)
bullet Stephen L. Keller, Entrepreneur becomes Fugitive (10/21/03)
bullet Keller arrested in Panama (02/14/04)
bulletKelco officials win their appeal. Sixth Circuit Court of Appeals orders their sentences to be vacated and the case remanded to the Kentucky trial court. (05/31/05)
bullet Sentences are reduced; judge is more lenient to Sutherlin (charged with 46 counts) than Drach (charged with 2 counts and suffering from deadly disease) (09/05)
bullet Kelco executives file Supreme Court appeal. (09/05)
bulletSupreme Court refuses to hear petition.

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