None of this accusation is truthful. Steve never tried to fraud anyone, he put the policy money he had collected in the bank, and the bank took it for payment, since it was not in a “secured account”. Steve tried hard to make it all good, and not fail the policyholders. He lost his home and all his possessions, just trying to make good for the people who gave him policy money. He did not try to use the money for personal gain or profit. He had good intentions that he could not recover from. He is deteriorating in prison and it has become a “life sentence” for a quadriplegic that he is.
Nope, sorry. The funds were not insuring the insured “sitting in the bank”.
Fraud is fraud. The man sold insurance policies, but those paying for said policies were not insured. Had a large incident occurred, they would have been uninsured. Simple, fraud.
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Finally a judge\’s ruling I can agree with. Run judge run!!!
There was a agency in Mass. by the name of Summers,Kitchen and Essler that had a similar problem with the U. of Mass. Some 20 years ago.
None of this accusation is truthful. Steve never tried to fraud anyone, he put the policy money he had collected in the bank, and the bank took it for payment, since it was not in a “secured account”. Steve tried hard to make it all good, and not fail the policyholders. He lost his home and all his possessions, just trying to make good for the people who gave him policy money. He did not try to use the money for personal gain or profit. He had good intentions that he could not recover from. He is deteriorating in prison and it has become a “life sentence” for a quadriplegic that he is.
Nope, sorry. The funds were not insuring the insured “sitting in the bank”.
Fraud is fraud. The man sold insurance policies, but those paying for said policies were not insured. Had a large incident occurred, they would have been uninsured. Simple, fraud.