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They then sold participation shares of the policies' death benefits to investors, promising high returns. The company operated from October 1994 to May 2004, selling $1.25 billion worth of life insurance policies to 30,000 investors.
[36] [37] He briefly was the owner of the New York Post. At the time the SEC considered the fraud to be "one of the largest Ponzi schemes in history." [38] In late 1994, the European Kings Club collapsed, with ensuing losses of about $1.1 billion. This scam was led by Damara Bertges and Hans Günther Spachtholz.
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Patrick Bet-David (born October 18, 1978) is an Iranian-American businessman and podcaster. He is the host of the PBD Podcast and Valuetainment, which cover topics such as current events, business and pop culture, often featuring celebrity guests.
Savings interest rates today: Ring in the new year with APYs of up to 5.05% (that's 10x the national average)
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After updating apps, review the permissions they request. If an app asks for permissions that seem unnecessary for its function, consider whether you want to keep it installed. Regularly review ...
Peter Zaffino (born 1967) [1] is an American insurance industry executive. [2] [3] He is the chairman and CEO of the American International Group (AIG).[4] [5]Zaffino joined AIG in August 2017 as executive vice president and global chief operating officer. [6]