Viatical & Life Settlements
                                         consumer information
                                                            

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We do not buy
or sell
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(not the actual cover)
 Back Home Up Next

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

                Fraud Busts
       

(Note: Fraud busts are defined as criminal charges filed by a government agency, or license revocation, guilty plea or conviction, or sentencing. For other enforcement actions, see Companies on the Hot Seat, listed by state or company name see search engine at bottom of page.)

RECENT EVENTS:

bulletCapital 1st Advisors, Amerifirst Funding, Amerifirst Financial, Secured Capital, Citifirst Capital Management, Citifirst Trust (07/07)
bulletJesse and Keith LaMonda (Accelerated Benefits Corp. and ABC Viaticals) found GUILTY, pre-sentence report recommends life sentences for both.

Companies That No Longer Exist:

bulletFourteen residents of Tennessee, Georgia, and Florida -- sales agents and viators -- charged with viatical fraud scheme that cost Georgia investors more than $20 million (07/03/02)
bulletAlpha Capital Group
bulletUSA v DiLeo: Anne DiLeo began her 34 months sentence 9/10/01, granted early release after 18 months.
bulletCalifornia cites agents for Alpha
bullet American Benefits Services/FinFed (Ponzi scam)
bullet American Benefits Group / National Viatical Trust / United Fidelity Company
bullet Beneficial Assistance / Imtek (see Arizona, Ohio, Tennessee)
Capwill, CPA SENTENCED (03/17/03)
bulletRichard Dean Carrington arrested by Arizona authorities (06/26/03)
bulletFindco's pres., Craig L. Silverman
bulletFlorida community leader pleads guilty to viatical fraud
bullet Future First Financial Group executives now in prison
bullet Glenn Liberatore (now residing in UT), reseller for Life Partners, Inc., and Howard  Baldwin, charged by Arizona Corp. Comm.
Justus Viatical (Scott Stephen, Steven Bendfelt)
bullet Kelco's agent, Charles "Chuck" Cole of California, a manager for Kelco affiliate Genesis Viatical, sentenced. (05/03)
bulletLiberte Capital Group: 160 count indictment against Jamieson, Capwill, viators; office employees Deborah Ann Vartoe, 35, and Stacey Tate, 27, also charged with fraud by U.S. attorney
bullet Life Benefit Services (ABC's sister company)
bulletState of Florida v. Wanda Tappan
bulletState of Florida v. Joel Seidman
bullet Lifetime Capital, Inc.
bulletDavid W. Svete
bulletDouglas A. Kordel
bulletRoger W. Lange
bulletKathleeen LaFrance
bulletRon Giradot
bulletIan Wolcott
bulletAnderson Marshall
bulletCharme Austin
bulletMaynard P. Weinberg (Weinberg Organization) of Florida, reseller for Dedicated Resources Inc. 
National Medical Funding
bullet Viatical Clearing House & Deborah Rhoades
bulletTrade Partners  Inc.
Viaticals of America, ViatiCare, Mansfield Trust
bullet Texas: $30 million raised by Larry Tyler and Advanced Financial Services Inc. (2/25/02)
bullet Viatical Capital Inc. (09/03)
bullet Oval Financial & Investment Grp. of CA

Warning to Media: AIDS patients are NOT criminals. SOME criminals have AIDS and think nothing of committing fraud.

bulletHow fraud directly hurts legitimate patients
PicoSearch
 

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Click links
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© 1998 - 2008 Bialkin Books, publisher of viatical books banned in Texas and Florida
(at the behest of companies that consider informed consumers dangerous to their bottom line):
Viatical Litigation: Principles & Practice - the first legal text on the industry
Viatical & Life Settlements: An Investor's Guide
Click on Title to Order
For Consultation/Seminars 1-888-798-BOOK (1-888-798-2665)