More Viatical Fraud
In Wuliger v. Manufacturers Life Insurance Co., 567 F.3d 787 (6th Cir 05/28/2009) the problem with Viatical sales resulted in insurance fraud. Liberte, a company engaged in buying Viatical policies allegedly colluded with the three viators and was claimed to be part of a larger scheme in which Liberte fraudulently procured viators’ insurance policies and sold them to almost three thousand investors, who collectively invested almost $100 million in Liberte.
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