The information provided here is a free service but it is copyrighted.

That means you cannot use the information exactly as phrased, nor print and distribute the pages.

This website began early in 1998, as a means to alert the public to what eventually became known as widespread fraud affecting tens of thousands of people worldwide, with losses in the billions. We like to think the numbers of fraud victims would have been much greater but for the information we began to expose before anyone suspected anything.

We have been sued—by companies that tried to stop us from (a) exposing the fraud, and (b) listing every government agency that filed charges against them.

Some of the principals of these companies eventually were indicted, convicted, and sent to prison (along with lawyers and doctors who aided their fraud). But we suffered from these lawsuits. Anyone can file suit for any reason or no reason. That is why we need to put you on notice:

  • In no event will Bialkin Books or Gloria Wolk be liable to you for any direct, indirect, incidental or consequential damages or economic loss arising out of the information provided through this Website or the related books.
  • The rights and obligations of the parties pursuant to this Agreement are governed by, and shall be construed in accordance with, the laws of the United States and North Carolina.
  • If anyone is inclined to file suit against either Bialkin Books or Gloria Wolk, suit must be filed in Raleigh, North Carolina.

Please do not ask for a referral to a company. We do not recommend nor endorse any company, and we never have.  Some of the reasons:

  • The industry is not regulated (other than after-the-fact indictments).
  • Few states require any type of disclosure and, even if the company is registered with the Securities and Exchange Commission (SEC), some do not provide truthful information. For example, Enron, Worldcom, and others were registered with the SEC. Such registration is not a seal of approval.

If asked to evaluate a proposed contract by an insured or a potential investor, we will point out problems. For example, one insured who was selling his life insurance asked if he had to sign an agreement that gave the company the right to check his bank account statement. The answer was, NO! And we asked him to notify the state regulator about this illegal contract term.

An investor who asked us to review the proposed purchase contract was warned a serious “red flag” that we believe means the company is not trustworthy. The company claimed that the proceeds of the investment were tax free. That is not true. Once a life insurance policy is sold and turned into an investment, the death benefit loses tax free status.

We did not say, “Be careful of this company.” We pointed out the misinformation and left it up to the investor to decide whether to look for another company.

Depending on the problems we identify, you may be able to request that the company modify the terms.  You also may ask for more information, if we think it advisable that you received more than they provided.

Please do not ask whether you should pay premiums, when the company demands payments. We have a Special Report that can help you decide whether doing so will be throwing good money after bad.

Regarding book sales, we do not refund purchase price. If a book arrives damaged, we will replace it. If you want to read the book at no charge, ask your local library to order it or arrange for an inter-library loan from another library.

Enter to find out how to deal with these companies.