Life Partners Trustee Says Co. Perpetrated Historic Fraud

Law360, New York (March 14, 2016, 1:51 PM EDT) -- The court-appointed trustee for Life Partners Holdings has in recent days launched a new wave of litigation against investors and associates after concluding in a report that former CEO Brian Pardo engaged in one of the largest frauds in Texas history through a deceptive scheme to market and sell life insurance settlements.

Since Friday, Chapter 11 trustee H. Thomas Moran II has filed more than 20 lawsuits against individuals and entities that helped market Life Partners Holdings Inc. investments and investors who received funds through the alleged scheme. The wave of litigation is fallout from a report Moran issued earlier this...

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