life insurance policies News

U.S. Financial Executive Dies by Suicide as Firm Faces Fraud Claims

BOSTON — The co-founder of a Florida financial firm facing investor lawsuits alleging securities fraud has died by suicide, and a spokesperson on Monday denied wrongdoing, saying the death was not connected to a class action lawsuit filed last week. …

Company Pleads Not Guilty in Virginia to $670M Fraud

A Costa Rican company accused of a $670 million insurance fraud scheme has pleaded not guilty in federal court in Richmond. Defense attorney John Russell entered the plea Monday on behalf of Provident Capital Indemnity Ltd. Provident and its president …