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Friday April 25th 2014

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Posts Tagged ‘annuity contracts’

RICO Complaint Seeks Return of $2.3 Million

RICO Complaint Seeks Return of $2.3 Million

An Idaho LLC claims it fronted apparent securities recidivists $2.3 million to launch an annuity scheme that never happened. Idaho Falls-based R-LLC sued UMS Capital Group dba Insurance AnnuityGroup, Joseph Mermis, Xavier Barrios and C.M. Salazar, in Federal Court. It claims the defendants sought, and got, venture capital money from it in 2009 [...]