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: Bodily Injury Blog

Insurance Scam Bilked Millions from Retirees

By Edward Bills

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A Texas company bilked older investors for about $30 million using a fraudulent life insurance securities scheme, state officials said Thursday. The state alleges that executives at National Life Settlements of Houston used the money to finance their personal lifestyles rather than purchasing life insurance policies on the behalf of clients. A Texas State Securities [...]

Full post as published by Bodily Injury Blog on February 27, 2009 (boomark / email).

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