Viatical & Life Settlements
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In sympathy
  with people
from 86 nations
  who lost loved ones
on 9-11

     What's New
      with Viatical & Life Settlements    

This page has general information not readily available from other sources.   To find specific information, use the search engine (scroll to the bottom of the page).

PE02086A.gif (2749 bytes) ABC Viaticals (formerly Accelerated Benefits Corp.)

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Jesse LaMonda and Keith LaMonda SENTENCED!

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Details of United States v. LaMonda

PE02086A.gif (2749 bytes)TV personality Larry King files lawsuit alleging he was defrauded in life settlement transactions; lawsuit accuses insurance agent in regard to sale of King's life insurance to Coventry First. (10/22/07)
 

PE02086A.gif (2749 bytes)Florida lets Coventry off the hook--and fills it coffers (10/01/07)

PE02086A.gif (2749 bytes)New York Life rescinds $3,570,000 policy issued to 82 year old.

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NY Life accused the insured, his son, and Coventry Capital (parent of Coventry First) with applying for the policy for the purpose of selling to investors. (02/07)

PE02086A.gif (2749 bytes)Amerifirst, Capital 1st Advisors, and other related companies charged with investment fraud by the Florida; SEC also after them. (07/07)

PE02086A.gif (2749 bytes)SEC files lawsuit and shuts down Lydia Capital, charges the hedge fund defrauded thousands of Taiwanese investors. ALL policies insured seniors; ALL are contestable. Details to be added. (Complaint filed 04/07)

PE02086A.gif (2749 bytes)NAIC model viatical law: 5 year moratorium on sale of policies by people who acquire them for the purpose of selling to investors. (06/04/07)

PE02086A.gif (2749 bytes)Neither Future First Financial Group nor Mutual Benefits Corp., sometimes described as Ponzi scams, were not Ponzi scams. Both companies engaged in many types of fraud but they bought and sold real policies.

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Mutual Benefits Corp. was NOT a Ponzi scam, according to the Receiver. (05/07)

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Accountants who provided the annual audits of MBC and ignored the many "red flags," thereby assisting MBC with obtaining and retaining licenses, decided to settle the lawsuit filed by the receiver. They will pay $3.5 million.

PE02086A.gif (2749 bytes) Premium finance company sued by family of elderly man who used  their services to purchase life insurance. Details to be added. (03/16/07)

 PE02086A.gif (2749 bytes) Life Settlements: New studies of mortality of older age insureds (What can kill you at age 40 may preserve you at age 80!)

PE02086A.gif (2749 bytes) Sample pages from the new "Viatical & Life Settlements: An Investor's Guide."

 PE02086A.gif (2749 bytes) This site is viewed by people the World Over -- between 150,000 and 215,000 each month. Visitors represent many countries.

 PE02086A.gif (2749 bytes) Fraud Victim Test - an interactive test from the North American  Securities Administrators Association (N.A.S.A.A.)

Free Information:
This website has more than 200 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. When there are a number of questions on a related topic we will research and publish a Special Report.

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