The "Annuity King" is toast

[FBN]

The "Annuity King" is scheduled for sentencing today on tax evasion and fraud. Bye, Bye

Florida Insurance Agent Convicted in $6M Ponzi Scheme That Defrauded Investors

A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the

www.insurancejournal.com

Tax Evader Loses Bid for New Trial, Can’t Withdraw Guilty Plea | Tax Notes

A U.S. district court denied an individual’s request for a new trial after he was convicted of fraud and denied his request to withdraw his guilty plea to a tax

www.taxnotes.com

 

[walthamny]

While they are pitching these what are the regulators watching?

 

[somarco]

While they are pitching these what are the regulators watching?

Cal Worthington commercials. Highly entertaining . . .

 

[Tahoe Ray]

While they are pitching these what are the regulators watching?

Probably that 100k MYGA that you sold in lieu of a CD to the client with 2m of assets.

Those cases need to be heavily scrutinized for suitability.