Published by Financial Advisor Magazine August 10, 2018 530 a.m. ET By Karen Demasters Benjamin and Milea Sarap refinanced their home in Sunbury, Ohio, to invest more than $130,000 in a pension program that was supposed to give them monthly payments during their retirement, according to a lawsuit...
Published by THE WALL STREET JOURNAL July 23, 2018 530 a.m. ET By Jean Eaglesham Investors accuse Future Income Payments of taking them for more than $100 million Scott Kohn, a 64-year-old felon, ran a company from a Nevada strip-mall mailbox that investors claim took them for more than...
Published by disabledveterans.org Posted Feb. 1st, 2018 By Benjamin Krause One company allegedly taking advantage of vulnerable veterans is being sued for charging payments for a loan amount equivalent to 186 percent interest. One law firm alleges a company called Future Income Payments (FIP) is charging outrageous rates for loan...
Published by The Daily Press Posted Mar. 7th, 10:25 AM By Lisa Vernon Sparks Two out-of-state companies are being sued in Hampton for making an illegal high-interest loan scheme that targeted the pensions of retired veterans and public servants in Hampton Roads, according to a lawsuit filed this week. Virginia...
Published by The Associated Press Posted Apr. 20th, 2:49PM By Associated Press CHICAGO (AP) — Attorney General Lisa Madigan’s office is suing a company for what it says is an illegal predatory lending scheme that targeted the retirement benefits of Illinois residents. Madigan’s office says in a news release...
Published by The Forbes Posted Oct. 20th, 3:47 PM By Daniel Fisher, The Washington Post The State of New York ordered a pension lender to cease operations and pay back any interest charged, plus a $500,000 penalty for operating illegally in the state and charging customers up to 130% interest. The...
Published by The Washington Post Posted Oct. 27th 2015 By Jonnelle Marte, The Washington Post Keith Moore, a 40-year-old military veteran recovering from post-traumatic stress disorder in Oklahoma, remembers the day last year when he sold off a chunk of his pension. He had left the military after 21 years of...
Published by The Pittsburgh Post-Gazette Posted Sep. 9th, 11:11 PM By LEN BOSELOVIC, The Pittsburgh Post-Gazette When cash-strapped Nola Wright agreed to get a $20,000 advance on his pension, little did the 66-year-old Chisolm, Minn., Vietnam War veteran know that he was one of hundreds of retirees to do...
Published by The LA Times Posted Mar. 14th, 3:00 AM By DAVID LAZARUS, The LA Times It was an unusual lawsuit. A mysterious business, identifying itself only as "John Doe Company" and "organized under the laws of the State of California," sued the Consumer Financial Protection Bureau in January to...
Harbor Capital (Fairport, NY), Same Brokerage Responsible for Retired Teacher's $450,000 Award, Back in the Cross-Hairs. ROCHESTER, NY (December 1, 2017) -- Similar to the investment advice received by retired teacher Libby Jachles (recently awarded over $450,000 by a Financial Industry Regulatory Authority ("FINRA") Arbitration Panel) from Harbor Capital...