November 30, 2017
Two investors in a life insurance policy obtained through a company later linked to a $20 million investment scheme told the Eleventh Circuit on Wednesday they had no chance to challenge the scheme's receiver's finding that they owed assets back before a distribution plan was set.
March 02, 2017
The receiver for a Georgia company accused of running a life insurance Ponzi scheme beat a motion in federal court by the firm's CEO that sought to prevent the sale of $1 million in policies, allowing the receiver to continue liquidating the company's assets.
January 07, 2016
A company accused of running a Ponzi scheme by selling interests in life insurance asked a Georgia federal judge Thursday to disqualify the U.S. Securities and Exchange Commission's expert witness, saying the man is a crook and has an improper relationship with the agency.
November 10, 2015
The U.S. Securities and Exchange Commission filed a lawsuit Tuesday in federal court saying a Georgia man and his now-insolvent companies ran a massive Ponzi scheme, using new Jobs Act rules to raise $20 million by selling interests in life insurance and notes backed by auto loans.