Lifemark investors could be forced to rely on the Financial Services Compensation Scheme (FSCS) to bail them out as talks between the troubled life settlement vehicle and CarVal Investors collapse. US hedge fund CarVal has walked away from a £40 million restructuring deal which would have seen 25,000 Lifemark investors repaid over a 14-year-period, according [...]
Posts under ‘Life Settlement’
Florida Insurance Agent Arrested in STOL Scheme
A Florida insurance agent was arrested on numerous counts of alleged fraud and grand theft in connection with a stranger-originated life insurance (STOLI) scheme involving $78 million in death benefits, according to the Florida Department of Financial Services. Steven Brasner of Infinity Financial Group in Boynton Beach, Fla., was arrested at his office and booked [...]
