Articles Tagged with Annuity Fraud Lawyers

Representing Northstar (Bermuda) Investors From Latin America, Central American, and South America. Our Annuity Fraud Lawyers Work With International Investors In Pursuing Damages From US-Based Brokerage Firms

Shepherd Smith Edwards and Kantas Annuity Fraud Lawyers (investorlawyer.com) continue to represent investors whose US broker unsuitably marketed and sold them annuities in the now-bankrupt Northstar Financial Services (Bermuda). Unfortunately, this offshore investment was sold to many non-US citizens, including those who specifically turned to broker-dealers in this country in the hope of securing a safe haven for their assets.

Instead, many investors from Latin America, Central America, and South America were sold annuities in a Bermuda entity owned by Greg Lindberg, who recently pleaded guilty to defrauding annuity investors of $2B. Lindberg was long suspected of funneling money from his insurance companies to his special-purpose vehicles.

Why CB Life Annuity and Northstar (Bermuda) Investors Should Explore Suing Their Broker

Owner Greg Lindberg’s Money Woes, Along With Fraud Charges, Pile Up

If you are an investor whose assets are frozen in Colorado Bankers Life Insurance, Southland Reinsurance Company, Northstar Financial Services (Bermuda), or another Greg Lindberg-owned insurance company, now is the time to explore whether you have grounds for suing your broker for marketing and selling you these companies’ annuities. All of Lindberg’s insurers are currently in rehabilitation or liquidation. With his financial, regulatory, and criminal fraud charges continuing to grow, waiting for those proceedings, or the North Carolina billionaire himself, for any type of financial relief will be a lengthy and arduous process. Who knows if investors will get back much, if anything at all from them, in the end.