- Thread starter
- #131
10% Penalty on Annuity
- Thread starter Julieolo
- Start date
- 11,457
Did he falsify that information? Falsification equals fraud.
This guy got into some SERIOUS trouble last month for falsifying information on annuity applications. Even the insurance companies refunded premiums when they figured it out:
Orange County agent arrested in $1.6 million fraud scheme targeting elderly
Regarding FINRA, yes, firms are really afraid of them. I'd go through them and tell them everything.
This guy got into some SERIOUS trouble last month for falsifying information on annuity applications. Even the insurance companies refunded premiums when they figured it out:
Orange County agent arrested in $1.6 million fraud scheme targeting elderly
Regarding FINRA, yes, firms are really afraid of them. I'd go through them and tell them everything.
- Thread starter
- #133
I dont think it's considered falsification if he did not tell me and it is in the policy. All he has to say is that he told me.
I am not able to get them to send me the documentation that he submitted so I don't know what is on the cover letter. I might might be able to get them to send it to me if I send them a certified letter requesting the documentation.
I am not able to get them to send me the documentation that he submitted so I don't know what is on the cover letter. I might might be able to get them to send it to me if I send them a certified letter requesting the documentation.
- Thread starter
- #134
- Thread starter
- #135
I think I found what I need!
As I read through the email that they sent me today, they also included a copy of the paper work I already had but there are a few sheets that I do not have. One of them says "Client Profile". He has my annual household pre-tax income inflated by 5x more then I actually make. He also has me marked down as having investments in CDs which is not true.
Who should I point out this information to, AIG? Ca. Dept. of Ins, FINRA, or a lawyer?
As I read through the email that they sent me today, they also included a copy of the paper work I already had but there are a few sheets that I do not have. One of them says "Client Profile". He has my annual household pre-tax income inflated by 5x more then I actually make. He also has me marked down as having investments in CDs which is not true.
Who should I point out this information to, AIG? Ca. Dept. of Ins, FINRA, or a lawyer?
- 11,457
All 4... and include the link I posted above as an example of this falsification as FRAUD and that they need to make this right... or you'll sue for your money and possible damages.
There it is. I know some carriers if the income is over $xxx, things change alot as far as suitability goes.
- Thread starter
- #138
There is a lot of information in the Client Profile Sheet that is falsified.
I have talked to a couple of lawyers but have not retained one yet. I want to be very careful here as I do not want to get myself until another bad situation by hiring the wrong attorney.
Can anyone suggest the type of lawyer I should be talking to?
Thanks
I have talked to a couple of lawyers but have not retained one yet. I want to be very careful here as I do not want to get myself until another bad situation by hiring the wrong attorney.
Can anyone suggest the type of lawyer I should be talking to?
Thanks
- 11,457
Securities or Insurance Fraud.
- 15,041
It is still going to be your word against his. He's going to say that is what you told him. And if he is smart he will have notes in his file to support that claim.
Now, I'm not saying this to to say you are wrong or to stop you, but simply to prepare you. Hopefully your attorney will let you know the same. And an attorney will have a much better idea of the merits of your case and the likelihood of success.
