Insurer That Scammed Military To Pay $70M: SEC
The company, Waco-based American-Amicable Life Insurance Co., was accused of misrepresenting its life insurance products as “wealth-creating” investments to about 57,000 members of the military since 2000.
The SEC settlement is just the tip of the iceberg, according to the agency. American-Amicable—along with several of its affiliates—will likely have to...
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