viaticals News

AIG’s Lavastone in Dispute with Life Settlements Firm Coventry

An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …

Florida Insurance Scammer Steinger Appeals Prison Sentence

The man who masterminded an $800 million Florida insurance scam that fleeced more than 30,000 investors is appealing his 20-year prison term. The attorney for 64-year-old Joel Steinger filed notice of appeal this week in Miami federal court. Steinger was …

Florida Judge Sentences Mastermind of $800M Fraud Scheme to 20 Years

The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida’s all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge Robert Scola gave Joel Steinger, …