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Variable Annuities: How a Lawyer Exploited the Fine Print


PlanMaestro
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Fascinating read either as a legal, personal, investing, or industry case. Especially if you are investing in AIG or Hartford. Who could have thought that variable annuities could be so interesting.

 

If you won, you keep the winnings. If you lose, they give you your money back, - Joe Caramadre.

 

Death Takes a Policy: How a Lawyer Exploited the Fine Print and Found Himself Facing Federal Charges

http://www.propublica.org/article/death-takes-a-policy-how-a-lawyer-exploited-the-fine-print

 

Excerpts of Video Depositions in the Case Against Joseph Caramadre

http://www.propublica.org/article/excerpts-of-video-depositions-in-the-case-against-joseph-caramadre

 

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What is interesting about this story, among other things, is that you can walk up to someone and hand them two thousand bucks, and they still end up mad at you because you made more than they did.

 

Hah, well if your business strategy involves bargaining with the terminally ill and their loved ones in the months prior to expected death, then I think that you lose some rights to indignation.

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