Archive for the ‘Viatical Settlements’ Category

Rob Yurnesteg, Ph.D.,M.D., J.D., CPA, CFP

Wednesday, February 20th, 2008

The Securities and Exchange Commission (SEC) has charged Ameer Khan, Raquel Kohler and Stephen Ziegler, with anti-fraud violations in connection with the Mutual Benefits Corp. offering fraud and Ponzi scheme that the SEC shut down in May 2004.  Mutual Benefits, headquartered in Ft. Lauderdale, Florida, raised more than $1 billion from more than 30,000 investors worldwide by selling fractionalized interests in life settlements (sometimes called viatical settlements).  (more…)