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 National employee and licensed insurance salesperson, would then push the applications through, and Paul Morady...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!