January 2011, Volume 5, Issue 2

Exploring the life settlement option for clients

Feature: Life Settlement Execs Charged in Texas

By Trevor Thomas - Two executives of a life settlement firm in Houston have been indicted by a grand jury in Harris County, Texas.

Howard Judah Jr., chief executive of National Life Settlements L.L.C., and Gregory Jablonski, a principal of that company, were each being held on $1 million bail in connection with charges of securities fraud and the sale of unregistered securities to retired state employees, teachers and other Texas investors.

John LaGrappe, a Houston attorney who is representing Judah and Jablonski, says both men are innocent.

Judah, 81 years old, has terminal cancer, LaGrappe says.

"I don't think these guys did any thing wrong," he says.

In February 2009, a state-appointed receiver seized the accounts of National Life Settlements after the Texas State Securities Board alleged that …

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Settlement and related news from National Underwriter

Retiring Texas Commissioner: Protect Life Settlement Investors
Imperial Holdings Readies IPO
Absolute Life Changes Auditor
Life Partners Releases Earnings


Quiz question:

What life settlement provider won approval from a state regulator to have its own law firm manage its settlement escrow funds?
a) Coventry First
b) Absolute Life Solutions
c) Life Partners Holdings Inc.
d) Magna Life Settlements Inc.

 find the answer

More info at www.lifeandhealthinsurancenews.com

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