New zero premium life insurance policy/life settlements

Discussion in 'Life Settlements Forum' started by maryjd123, Apr 13, 2007.

  1. OlBallCoach
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    OlBallCoach Member

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    Thanks for that.

    So, tl;dr version, after the failed zero premium life insurance scam, Alireza Shahrak created a company called Azin Petroleum Group and had Miracle Insurance and Financial Group - also his d/b/a - insure a multimillion sale to a Turkish industrial oil concern. The Turkish company wired over $700,000 to Ali as a 25 percent deposit on goods to be received. Of course, the goods never existed in the first place and Azin defaulted on the sale. Miracle, ostensibly the guarantor of the sale, defaulted on its responsibility to pay 110 percent of the deposit when Azin defaulted.

    Ali's sole defense for his fraud was that no North Carolinians were affected by his actions. The Court was not amused, and his insurance license was summarily revoked.

    Sounds like quite a guy!
     
  2. suit
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    suit New Member

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    So anyone want to know the truth about miracle... From someone in the passenger seat of the prius ali's daily driver.... Bentley was only for show.

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    It all started by us making way too much money with the ma plans..... You know that movie wolf of wallstreet... Well thats where we were.... The gentleman's club on yonkers rd. I had 1/3 of the agents. 360 or so... Times were awesome. We had agents all over the country. Ali even had us going to churches to promote ma's. Anyways regulations were getting hot on them so he had to come up with the next best thing. If you want more just ask i wont charge ten dollars.
     
    Last edited: Dec 29, 2014
  3. jj68789
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    jj68789 New Member

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    Actually after Azin received the $700,000 from the Turkey company, they sent the money to Russia as downpayment to buy the M100 oil. The M100 never happen and the Russian company disappeared. Azin filed law suit in Russia court and the case is still pending. Azin is not at fault as a commodity brokerage firm in this case. Lessons learned, Azin never charged any upfront fees after that.

    As for Miracle, more than 1000 agents had multi Million charge backs. However, agents are gone and never paid the money back. As a result, Ali has to write $,$$$,$$$ checks to different carriers and eat the charge backs himself. Ali wanted to help agents so loan money to them, but agents never paid the money back( Majority agents are high school diploma, what you can expect!).

    He had more than 5000 agents in the nation. If agents is not productive and didn't make any money, they post things online and mud the company and the owner. Ali is not dollar, and can not make everyone happy.

    But Ali has helped thousands of agents as well as their families. He is godly and fair, that is why so many people followed him. He also donated to a gym, went to church every week and donate $$$$$ to the church each year. Bad buy would not do something like that.

    Ali's office always there and never moved. If he has done something bad, his office and his company should disappeared long time ago already as it's a small world.
     
    Last edited: Apr 12, 2017

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