Texas Investors Defrauded by Get-Rich-Quick Insurance Scheme
Retirement Value, a New Braunfels-based insurance company, is the latest fly-by-night financial firm to defraud hundreds of Texas investors. Offering a financial product known as a “life settlement”, Retirement Value claimed to connect financially distressed, elderly life insurance policyholders with investors looking for a high-return vehicle. In theory, the elderly policyholder would assign the value of the insurance policy to the investor in exchange for the investor assuming the premium obligations. In practice, however, Retirement Value absconded with investor funds, overstated the likely returns and saddled investors with millions in premium payments.
Have you been injured by Retirement Value or the dozens of other Texas insurance firms peddling unregulated financial products like life settlements? If so, contact the injury experts at Fears | Nachawati. We can help you recover what you’ve lost through fraud and abuse. Call us at 1.866.705.7584 or send an email to info@fnlawfirm.com.
