Securities Exchange, et al v. Mutual Benefits Corp, et al

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Case overview

Case Number:

0:04-cv-60573

Court:

Florida Southern

Nature of Suit:

Securities/Commodities

Judge:

Federico A. Moreno

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 11, 2022

    Judge Backs Trustee's Bid To Sell Mutual Benefits Policies

    A Florida federal magistrate judge has backed a proposal to auction off nearly 1,000 life insurance policies held by a trust formed in the wake of the U.S. Securities and Exchange Commission lawsuit over the $837 million Mutual Benefits Corp. insurance investment fraud.

  2. March 16, 2022

    Trustee Seeks OK To Sell Policies Tied To $837M Fraud

    A Florida federal judge on Wednesday weighed a proposal to auction off nearly 1,000 life insurance policies held by a trust formed in the wake of a U.S. Securities and Exchange Commission lawsuit over the $837 million Mutual Benefits Corp. insurance investment fraud that victimized thousands of investors.