West Coast Life Adds Conspiracy Claims To Fraud Suit

Law360, New York (March 13, 2009, 12:00 AM EDT) -- West Coast Life Insurance Co. on Thursday added civil conspiracy and several violations of Florida law to a complaint alleging that an investment company, several insurance brokers and individual policyholders engaged in an illegal stranger-owned life insurance scheme.

Park Venture Advisors LLC and a Delaware unit of Wells Fargo & Co. were also added to the amended complaint, which is being heard in the U.S. District Court for the Southern District of Florida.

The amended complaint alleges that Park Advisors masterminded and implemented the scheme, which...
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