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Agents Sue Brooke Lending Arm For Fraud, RICO

Law360 (April 9, 2009, 12:00 AM EDT) -- More than 80 former insurance agents for bankrupt insurance agency Brooke Corp. have sued the commercial lending arm of the company, alleging the unit engaged in civil fraud and racketeering in its loan origination and servicing business for independent franchise agents.

In a complaint filed Wednesday in the U.S. District Court for the District of Kansas, the agents claim that Aleritas Capital Corp. and its parent, Brooke, intentionally lied about all aspects of the insurance franchises they financed for the plaintiffs in an effort to resell...
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