Insurer To Pay $64.5M To End SEC Life Insurance Fraud Row
By Dave Simpson ( June 4, 2018, 7:40 PM EDT) -- Pacific West Capital Group Inc. agreed Monday to pay the U.S. Securities and Exchange Commission disgorgement of $57.4 million and $6.3 million in prejudgment interest to end claims in California federal court that it defrauded investors in the sale of fractionalized interests in universal life insurance policies....
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