Just in case you needed another reason to love Tony Ressler, the private equity fund that made him rich just got caught running illegal Human Life Wagering scheme
Just in case you needed another reason to love Tony Ressler, the private equity fund that made him rich just got caught running illegal Human Life Wagering scheme
This is basically just JG Wentworth, but for life insurance instead of structured settlements. Every person involved in every step of this transaction is a POS, including the deceased.
Illegal is not quite the right word here, though — more like invalid. There will be no criminal charges or fines or anything — just lost assets if the insurer or the deceased’s estate can successfully win in civil court.
Fraud gets thrown around a lot. The actual criminal fraud definition is much more narrow than people assume.
atlienk
Does he have anything to do with them anymore?
Shade_Raven
You dont get that rich ethically if we’re keeping it 100.
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This is basically just JG Wentworth, but for life insurance instead of structured settlements. Every person involved in every step of this transaction is a POS, including the deceased.
Illegal is not quite the right word here, though — more like invalid. There will be no criminal charges or fines or anything — just lost assets if the insurer or the deceased’s estate can successfully win in civil court.
Fraud gets thrown around a lot. The actual criminal fraud definition is much more narrow than people assume.
Does he have anything to do with them anymore?
You dont get that rich ethically if we’re keeping it 100.