Another Reason Not to Trust Your Life Insurance Guy: Greed
On the next American Greed (CNBC, 10pm) episode Deadly Payout, a trio of Texas
conmen scores $100 million, telling investors there's big money in the
"life settlement" insurance biz. They claim policy holders can cash out
before they die and investors can double their money. When the
fraudsters fail to pay returns and keep the money for themselves, it all
comes crashing down, leaving investors' finances in critical condition.