Annuity Fraud Attorneys

Northstar (Bermuda) & Colorado Bankers Life Insurance Owner Sued For Allegedly Trying To Avoid Paying $580M Legal Debt. Annuity Holders Waiting For Payouts Should Explore Filing Broker Fraud Lawsuits

If you are an investor who suffered losses in Northstar Financial Services (Bermuda), Colorado Bankers Life Insurance, or another insurer owned by billionaire Greg Lindberg, you may want to explore other legal options beyond waiting to get back your money from liquidation or bankruptcy proceedings. If you contact us today, the Shepherd Smith Edwards and Kantas Northstar Bermuda Annuity Fraud Attorneys (investorlawyers.com) can help you assess whether you have grounds for a claim against your broker-dealer for allegedly unsuitably recommending these troubled annuities.

While many investors may be wary of filing a broker negligence lawsuit, the truth is that recovering all, possibly even any of your funds, through those other avenues is unlikely. These insurers are already heavily in debt. Lindberg, who is awaiting two criminal fraud trials, is suspected of funneling money from them to his special-purpose vehicles. He also owes hundreds of millions of dollars in litigation and his legal woes are only worsening.

More Japanese Investors Sue Bankoh Investment and Broker Yoko Farias Over Northstar (Bermuda)

Our Trusted Annuity Fraud Attorneys Represent Asian and Latin American Citizens Against US Brokerage Firms

Once again, a Japanese investor is suing Bankoh Investment Services and its broker Yoko Farias over losses they sustained because the latter allegedly unsuitably marketed and sold Northstar Financial Services (Bermuda) annuities to them. The claimant, who met Farias through the Bank of Hawaii, is accusing the respondents of overconcentrating his assets in this risky, offshore investment, which is now in liquidation proceedings. Seeking up to $500K in damages, our client is also alleging unsuitable investment recommendations, due diligence failures, misrepresentations and omissions, and gross lack of supervision.