I was reading over some news articles this morning regarding the bankruptcy of SemGroup and hedge fund Ritchie Capital Management owned a 25.2% stake in SemGroup. The article also related to Ritchie’s struggles in the Life Settlement Industry.
Ritchie has been a slow motion tank farm fire (formerly train-wreck) for about three years now, in a [...]
This is an update of the once popular but now basically extinct “Wet Paper Life Settlements”. This is where a policy is issued and sold almost instantly for small percentage of the face value (2% - 6%). We highly advise not to get involved in such life settlement transactions.
Article Below:
AXA Equitable Life Insurance Co. filed [...]
Welcome to Life Settlement Fraud! Our site is going to be geared towards fraudulant activities in the Life Settlement Market. We are a strong supporter of Life Settlements, and this site is not geared to bash the industry. However, we will bring to light reports of abuse and fraud that is affecting our wonderful industry.
Our [...]