Comments on: Mutual Benefits Fraud Indictments

By: Anna

Anna — Tue, 10 May 2011 15:59:10 +0000

I know there is an attorney in Cleveland, Ohio named Jack Landskroner that has filed a class action law suit against Mills Potoczak. The law firm’s name is Landskroner Grieco Madden. They probably could provide some insight.

By: Michele Copekland

Michele Copekland — Tue, 15 Feb 2011 21:02:28 +0000

I am reading the above comments. My 85 year old father invested about $450,000 into these viatical policies. When they came back and wanted him to pay into continuing the policies or losing his money, he said he could not pay out any more. This included his IRA and the money he “invested” by taking his home and doing a reverse mortgage. He is in Las Vegas, Nevada, and his health has gone down hill since this happened. We have tried to find out what road to pursue, but it keeps coming up at a dead end. Is there anyone we can contact who will assist us? This was done through Fidelity Assurance Associates LLC and they are tied with Mills, Potoczak and Company. To me, this is elder abuse!! This should be a 60 Minutes story!!!

By: ASM

ASM — Thu, 22 Apr 2010 05:53:04 +0000

Try Litai Assets in Florida….they are no running the show

By: California Victim

California Victim — Fri, 12 Mar 2010 22:20:21 +0000

Same thing happened to my family. If anyone knows of steps to prosecute these people, please share! In our case, it is Fidelity Assurance Associates, lead by Brad Thompson, ironically appointed to the Board of Life Insurance Settlement Association, which also includes Bill Potoczak of Mills, Potoczak & Co. CPA Firm. They are all very well connected but don’t believe these people! They scammed my family out of $200k+ (their IRA’s, their house, everything). Now, they’re working with California legislation to pass a bill to protect themselves. The more I find out, the more angry I am. The SEC needs to go after these ponzi schemes!

By: john garcia

john garcia — Tue, 10 Nov 2009 03:05:44 +0000

Nick:
I’m same boat I was introducted as a mutual policy and then found out later in years I had bought into a life policy on some old male person, I invested 40k and didn’t know it was into a viatical , no where in policy did it state I was gloing to pay to keep my 40k, I ‘v paid in over 3900.00 for 3 years and now I can’t do it anymore, can’t even stay ahead on my personal bills, much less pay for this, still looking for a attorney and all 50 say GOOD LUCK, still looking for help,..

By: Nick Schklair

Nick Schklair — Sat, 13 Jun 2009 20:42:09 +0000

We invested $30,000 in 3 viatical insurance policies with Mutual Benefits…HOW DO WE GET OUR MONEY BACK..Have paid into the stupid attorneys, and finally cannot do it anylonger for “upkeep” of the policies…so they took one away! We are both 63 years old, losing our house, divorcing because of loss of our jobs and non income! How and who do we contact…The agent was Robert Kelly in Broward Cty, who is in another line of work…broker I think…Please someone give us some names or what to do…thanks, Nick

By: Life Settlement News » Mutual Benefits Updates

Life Settlement News » Mutual Benefits Updates — Tue, 06 Jan 2009 15:36:55 +0000

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