November 2010, Volume 4, Issue 12

Exploring the life settlement option for clients

Feature: Feds Say Man Misled Investors

By Trevor Thomas - Federal officials have accused an Illinois man of misusing money that was supposed to be invested in a life settlement fund and other funds.

The defendant, Scott M. Ross, was charged with three counts of mail fraud in a criminal case filed in the U.S. District Court in Chicago by the U.S. attorney for the Northern District of Illinois and the Federal Bureau of Investigation.

Ross was charged with misusing money he raised from investors for…

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Settlement and related news from National Underwriter

New York Court Upholds Life Settlement
Life Settlement Firm Raises Cash
LISA Names New Director
Life Settlement Fund to Open Office in Bogota

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Quiz question:

Fortress Investment Group L.L.C., New York, recently agreed to buy the life settlement portfolio of what company?
a) Credit Suisse
b) KBC Group N.V.
c) BNP Paribas
d) Societe Generale

 find the answer

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