Senate Bill 513 is aimed at helping prevent Life Settlement Fraud in Wisconsin.
Currently the industry is unregulated in Wisconsin, which opens the door for fraud and abusive sales practices. Not to say that all life settlements are fraudulent – they certainly are not. AARP members fall into the age category where abuse typically occurs, which [...]
Posts under ‘Life Settlement’
Wisconsin Billed aimed at Life Settlement Fraud
Florida man arrested for Life Settlement related fraud
A two-time felon who Heritage Christian Schools officials say defrauded the school has been arrested in Florida on insurance fraud charges involving about $500,000.
Just before his arrest Monday, Richard Incandela, 57, attempted to solicit $528,000 from an undercover insurance investigator “to purchase life insurance policies not in existence,” according to an arrest affidavit filed in [...]
