What about the race team he sponsored for his nephew and the Happy Endings pit bull rescue plus RPM female boxing, where he seems to have found the other wife. Yeah I know, did she come from a pit bull rescue or boxing ring or both. You can Google up Pardo in regards to female boxing.
The big yachts he was alleged to have entertained a judge on and the jets he flew on with Mr Perry certainly were part of the trimmings in this shake and bake cook out.
The formation of ATLES was in filings, but the contracts between lpi and trust were not. Interest from escrows were split with them and a stout break up fee too. ATLES and PES existed for one client.......
3 out of how many? Do you realize how statistically improbable your scenario is? On a random sample given all we have seen and heard, there is little to no way. But, you're either lucky or pulling our legs as we've also seen tales of massive returns from defenders of the cause.....I mean, executives, licensees and that ilk.
If you posted up the policy codes, it'll be an easy search by now, but I'm sure Pardo would appreciate any kind words from a sole investor who has had maturities drop like clockwork.
Antislapp we have both tuned into that over lunch and drinks.
Fiduciary duty is vague but has long tentacles. It's not necessarily what you knew, but what you should have known.
Anyone probing the break up fee ATLES allegedly had in their agreement with LPI?
Sgt Schultz was funny on TV, but will not be well received on the witness stand.
Here's his chin. He signed off on one conspiracy laced diatribe with this ....
For comment, verification, or interview for future stories contact Mike Tolleson,
Communication Project Coordinator for Brian Pardo, at 214-212-65xx or
What a clown of a title.
You are correct. After a good load of premiums in to a policy, the surrender value and accumulated cash value will be the same. Surrender charges may phase out after 10 plus yrs depending on structure.
Wow, thanks for that!
The Tx Supreme CT ruling that these fractional are securities and was retroactive opens them all up for disgorgement for selling unregistered securities and not being licensed anyhow.
Surely the trustee is tabulating all of the commissions paid and to whom. In my humble opinion disgorgement should be pursued on a contingency basis by the law firms to avoid draining current cash. These funds can then be used for premium funding.
I sense that,the master licensees knew plenty and with blind faith, marched the party line anyhow. There will be tons of finger pointing and claims that they were victims of deception too.
I wonder if the retroactive nature of the Tx,Sup Ct ruling makes all of the funds in the Pardo trusts offshore subject to attachment due to fraudulent tranafer.
I cant' post links here, so bear with me. Search "Epiqsystems"
Bottom of page "solutions" "Bankruptcy" "9,11,15" "Active Cases" find "Life Partners Holdings".
Loaded very soon after events take place.
I think you may find that the viaticals may account for most of the "lives" but the least amount of face per insured. So I'd assume several LS matured and a good smattering of viaticals. These are also the parties who have been deep into premium calls.
Insurers have the MIB to draw from, LS doesn't. I've seen insureds demand some stout fees to renew their HIPPA forms. Most of their sales contract say thet will cooperate with new information requests, but you know how that works. HHS was seriously moronic.
Antislapp, the wealth effect is a fallacy IMHO. Wealth provides access to care, but the extension is minimal when one gets into the mid 80s and beyond. The tables from everyone converge hard for octogenarians. BTW wealth also provides more and better vice too. Getty died of ulceration.....a life of partying torched him.
The obits are well represented by wealthy people in their 50s, 60s, 70s and beyond.
I'm thinking there may be 2 options. One, you can opt to pool or stay as you are and pay premium calls if they are actually needed. Challenges for both options. The Viaticals need to stay separated from the life settlements though, a different animal with different risks. Viaticals in the LPI pool were bets against medical technology and those investors got burned severely. ...
I get the feeling there will be a message from the cult leaders to yet again try to interfere with these bankruptcy hearings via misinformation and deception as they attempted to before. Will be filled with the same old rants and as delusional as ever before.
Not sure the cost of the asset is the best means to determine the hit. Lots of assets are sold with high markups. .....shirts at Nordstroms to houses being flipped 90 days,after purchase. These commissions were driven by Life Expectancies that had little to zero underwriting, from someone who wasn't available to review anyone else's records for life settlenents. Cassidy was exclusive and basically hit x.5 on a 10 key and signed it. The rest of the dark magic was done in Waco. Overcharging premiums seems to be done to goose commissions all around.
Not tons of detail, but enough to get the flavour without having to read the 40 pages of the declaration. Anyone remember when Pardo took aim at the WSJ along with Maremont and Scism for their reporting on Life Partners. Pardo put out a press release/memo in 2010 which was nothing but an Ad Hominem attack on the journalists. The most recent article has the human aide too, the small investors who were SOLD fractional when they had no business owning any of it. But the sales practices were too much for some to overcome.
They would have gotten away with it if it wasn't for us meddling kids!!
No systems, no controls, no compliance officer, no ethics. But was overflowing with arrogrance, nepotism, deception and incompetence. All ingredients for a classic bankruptcy soup. But me thinks the cook gets to exchange the chef hat and smock for a jumpsuit and cafeteria trays.
Id say the insurers will have a tough time contesting maturities now on most grounds after taking in years of premiums and non optimized premiums at that. Even the insureds in Williamsburg die too you know. But if there are maturities that weren't paid, I would then ponder how many policies lapsed and the investor never knew it and was still billed premium?
Real-Time Best Bid & Ask
No Inside Bid/Offer
0.01 - 0.01
0.01 - 2.68
Average Vol (30d)
Net Dividend Yield
Good luck getting anything from Milkie.
You stand on some of our shoulders to even have the opportunity to play for your investment.
Your best target is your licensee, and if it was Milkie, maybe they were within the MLM under one of the masters. Fun hunting.
This BD pitched these products and yes is out of business and was Tx based. There may be others too.
The ones to target may be the Master Licensees... BGS Agents, Abundant Income, ASR, LS411 etc.....
All within a MLM like format stuffed with overrides.