Texas Lawyers Blog


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Monday, May 7, 2007

Investment Scams, Broker Fraud, & Viatical Settlement Fraud Claims

Recently, the U.S. Securities and Exchange Commission (SEC) has filed complaints against large viatical settlement companies like Mutual Benefit Corporation and ABC Viaticals, Inc. It is estimated by the SEC that over 29,000 investors were bilked out of $1 billion by Mutual Benefits Corp. and about 4000 investors lost about $100 million from ABC Viaticals, Inc.

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