This discussion is not so much about Virginia Life Settlement rules and regulations. Virginia treats the process pretty much the same as other states, but one of the biggest fraud cases, just happened to come out of Virginia, regarding a fund. The names for this blog are not important. What is important is the cautionary message coming to you the consumer, about investing in Settlements. A group of wholesalers, acting on behalf of A & O Resource Management, ltd. and other entities, defrauded investors, many of them seniors, investing in Life settlements, with much of their money going to enhance the personal lifestyle and gains of 3 defendants.
Life Settlements in any state, not just Virginia Life Settlements, are to be scrutinized by the individual investor before investing. The three defendants in this case, allegedly defrauded $100 Million dollars from investors for their own gain. This blog is urging you as a possible investor, to check out the investment you are considering before investing. Ask other investors, check with the investment itself and ask for a prospectus then finally, check with your insurance broker to see what they know about a particular Settlement investment.
Virginia Life Settlement or any other state handling life settlements are overwhelmingly on your side. 99% ore legitimate funds, but you need to check them out before investing. I don’t know if the investors will get back most of their money or not, in this scheme. That is still being determined. Click our LIVEpdq link for a free policy review today.