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Cases / Insurance-linked

LifeCo., AIIA Group

Steven Edward Branstetter

ReportedOct 12, 2016
LocationCulver City, CA
Amount$2,250,000

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
LifeCo., AIIA Group
Industry
Bogus life/disability insurance policies and annuities
How investors were recruited
Insurance clients, many seniors, convinced to cash in legitimate policies
Pitch & red flags
Persuaded clients to surrender legitimate policies and move the money into life/disability policies and annuities he created through his own companies; Insurance Commissioner said he was "making big promises"

Pitch phrases from this case

Source

insurancenewsnet.com

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