Viatical & Life Settlements
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Lawsuit in Ohio - Investors Beware

Investors need to contact the judges to voice their objections to decisions that may not be in their best interests. You CAN influence them -- if many of you write. For example, a hearing will be held on January 16, 2001 on several motions. Among these:

bulletMotion by the attorney who  is attempting to represent investors (the ONLY one who appears to be exclusively focused on the rights and welfare of investors). He wants NorthEast Escrow to provide him with information about Alpha policies. NorthEast, as kin to Alpha, is not forthcoming. But NorthEast also has 2 motions that will be heard that day -- for payment of their services. Do you think they deserve $12,000 for one month's work?
bulletMotion from lawyers representing Andrew Capwill, with all sorts  of accusations against the current Receiver (wasting court time and investors' money).
bulletMotion from Liberte's lawyer asking for fees of $62,000+ for past work PLUS a retainer for future work. If granted, these funds will come from the assets collected by the Receiver and intended for investors.
bulletAnd we do not know why the court granted a payment to Alpha Capital Group of . . . $100,000. 

The above is an idea of what you need to know in order to protect your rights. Here's what the following documents will give you:

Summaries (with an occasional commentary) of hundreds of pages filed for the lawsuit against James Capwill and Viatical Escrow Services, as well as the federal suit against Jamieson. Includes shocking revelations that investors may lose again, this time at the hands of those they thought they could trust.

Here's a sample of what you will learn: 

"Now Alpha Capital wants the forensic accountant replaced by someone who worked with Capwill. (Heinz Ickert, the forensic accountant is knowledgeable about intricate legal matters, rather than the usual accountant whose practice is limited to tax and record keeping).

According to attorney Larry Landsman, who filed a class action suit against Alpha Capital on behalf of Kevin Knox and other investors, Mr. Ickert’s accounting is solely for the benefit of investors. Landsman alleges that the reason behind Liberte and Alpha’s motion to replace Ickert with a "friendly" accountant is that their friendly accountant "would be less diligent in tracing the illicit transfer of investor funds, including millions of dollars transferred to Alpha and its principals and affiliates."

Part I: Summary of the mess and list of policies the Receiver will cancel and reasons for this. Lawsuit Part I includes updates on this information at no extra cost. 

Part II: Selling / Settling / making deals with Capwill's friends and relatives, paying huge fees. Lawsuit Part II includes updates on this information at no extra cost.

Part III: Big News about the Akron and Toledo lawsuits, plus trouble caused by Capwill, and why you might want to file suit against the former Receiver, Fred Luper. (Luper carried a $2 million bond, which should make it worth an attorney's while if you decide to sue.)

Part IV: NorthEast Escrow and other companies in the trough with Alpha; why the Court will not allow the class action suit against Alpha (Available only to those who ordered Lawsuits Part I, II, III.)

Part IV:  Sample letters to send to court administrators, judges, so that your voice will be heard and you can protect your rights. If enough of you do this -- by email or snail mail -- you can make a difference. (Available only to those who order Lawsuits Part I - IV since you must be informed.)

Order Lawsuit Part I and Part II and get 20% off total price.

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Viatical Litigation: Principles & Practice - the first legal text on the industry
Viatical & Life Settlements: An Investor's Guide
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