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Cases / Insurance-linked

MBP Insurance Services Inc.

Joseph Francis Bartholomew, Wendy King-Jackson

ReportedDec 3, 2014
LocationLake Forest, CA
Amount$11,300,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
MBP Insurance Services Inc.
Industry
Securities tied to fraudulent insurance policies
How investors were recruited
Primarily senior citizens, through an insurance agent (King-Jackson) who marketed the policies to her clients
Pitch & red flags
"15 to 40 percent interest rates"; presented as "legitimate and legal investments"

Pitch phrases from this case

Source

cbsnews.com

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