Sinking house Mortgage fraud

Mr. Connor achieved total settlements in excess of 4 Million Dollars for 26 families.

A life insurance salesman operated a scam, targeting mostly elderly church members. The scam was to find older folks who owned their homes, then convince them to “invest” in the con artist’s “financial program.” His program was nothing more than the purchase of expensive life insurance policies which were not suitable for retired folks. He convinced these folks to borrow hundreds of thousands of dollars on their paid-up homes to “invest” in the scam. He did not tell them that they could not afford to continue these payments into the future. He also did not tell them that his commission in some cases, was 100% of the first year’s premium payment. The companies that sold the policies failed to determine that these policies were entirely unsuitable for these retired couples, mostly on fixed incomes.

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