Ohio Life Insurance Co. Wins Bid To Void Fraudulent Policies

Law360, New York (February 7, 2014, 6:39 PM EST) -- An Illinois judge found that three purchasers of life insurance policies did not properly contest the facts presented by Ohio National Life Insurance Co. and had violated Illinois law by establishing a program to convince people to buy insurance just to sell, turning a profit for themselves in the meantime.

According to court documents, Douglas Davis, an attorney and estate planner, would recruit potential investors for the program and help them finance the policies through a separate company owned by Paul Morady. Mavash Morady, an Ohio...
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Case Information

Case Title

Ohio National Life Assurance Corporation v. Davis, et al


Case Number

1:10-cv-02386

Court

Illinois Northern

Nature of Suit

110(Contract: Insurance)

Judge

Honorable Thomas M. Durkin

Date Filed

April 16, 2010

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