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	<title>Michael Abraham &#187; Life Settlements News</title>
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	<description>Life Settlements Specialist</description>
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		<title>Longer Life Expectancies Eat Into Returns</title>
		<link>http://www.michaelabraham.net/longer-life-expectancies-eat-into-returns</link>
		<comments>http://www.michaelabraham.net/longer-life-expectancies-eat-into-returns#comments</comments>
		<pubDate>Tue, 06 Sep 2011 19:07:35 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[Arbuthnot Latham]]></category>
		<category><![CDATA[life expectancies]]></category>
		<category><![CDATA[UK independent financial advisers]]></category>
		<category><![CDATA[US life insurance policies]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=778</guid>
		<description><![CDATA[A private bank is cautioning clients against investing in life settlement funds, saying longer life expectancies eat into projected re-turns, and the funds carry more risk than disclosed. Arbuthnot Latham issued a recent report highlighting what it called the “structural pitfalls” of these funds, which contain US life insurance policies sold on before the holder [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>A&amp;O Executive Abdulwahab Convicted in $100M Scam</title>
		<link>http://www.michaelabraham.net/ao-executive-abdulwahab-convicted-in-100m-scam</link>
		<comments>http://www.michaelabraham.net/ao-executive-abdulwahab-convicted-in-100m-scam#comments</comments>
		<pubDate>Thu, 01 Sep 2011 19:04:46 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[A&O Resource Management]]></category>
		<category><![CDATA[Adley Abdulwahab]]></category>
		<category><![CDATA[life settlements]]></category>
		<category><![CDATA[life settlements marketing scheme]]></category>
		<category><![CDATA[money laundering]]></category>
		<category><![CDATA[securities fraud]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=759</guid>
		<description><![CDATA[Adley Abdulwahab, an owner of A&#38;O Resource Management, was convicted of a life settlements marketing scheme that defrauded more than 800 investors out of $100 million. The 35-year-old Houston man was convicted Friday by a federal court in Richmond, Va., on one count of conspiracy to commit mail fraud, five counts of mail fraud, one [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Life Partners&#8217; Former Auditor Says 2009 Audit Can No Longer be Relied Upon</title>
		<link>http://www.michaelabraham.net/life-partners-former-auditor-says-2009-audit-can-no-longer-be-relied-upon</link>
		<comments>http://www.michaelabraham.net/life-partners-former-auditor-says-2009-audit-can-no-longer-be-relied-upon#comments</comments>
		<pubDate>Tue, 30 Aug 2011 19:01:20 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[brian pardo]]></category>
		<category><![CDATA[Eide Bailly]]></category>
		<category><![CDATA[Ernst & Young]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[life partners holdings]]></category>
		<category><![CDATA[Tad Ballantyne]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=757</guid>
		<description><![CDATA[Eide Bailly, a previous auditor for Life Partners Holdings, said that its audit for the fiscal year ended Feb. 28, 2009 can no longer can be relied upon, Life Partners said in a filing with the Securities and Exchange Commission. Eide Bailly notified Life Partners&#8217; Audit Committee Chairman Tad Ballantyne Tuesday that based upon disclosures [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/life-partners-former-auditor-says-2009-audit-can-no-longer-be-relied-upon/feed</wfw:commentRss>
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		<title>Centurion Halts Redemptions on Argent Fund, International Adviser Says</title>
		<link>http://www.michaelabraham.net/centurion-halts-redemptions-on-argent-fund-international-adviser-says</link>
		<comments>http://www.michaelabraham.net/centurion-halts-redemptions-on-argent-fund-international-adviser-says#comments</comments>
		<pubDate>Fri, 26 Aug 2011 18:59:26 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[argent fund]]></category>
		<category><![CDATA[centurion]]></category>
		<category><![CDATA[centurion fund managers]]></category>
		<category><![CDATA[Euro Multi Lateral Trading Facility]]></category>
		<category><![CDATA[international adviser]]></category>
		<category><![CDATA[the life settlements report]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=755</guid>
		<description><![CDATA[U.K.-based Centurion Fund Managers said it has suspended redemptions from the Argent Fund to protect investors in the fund, according to the International Adviser. The story said Centurion sent a letter to investors last week after several large investors asked to withdraw their money. Centurion blamed a liquidity imbalance in the fund to the increase [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/centurion-halts-redemptions-on-argent-fund-international-adviser-says/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Lawsuit Alleges Pardo, Peden Traded on Insider Information</title>
		<link>http://www.michaelabraham.net/lawsuit-alleges-pardo-peden-traded-on-insider-information</link>
		<comments>http://www.michaelabraham.net/lawsuit-alleges-pardo-peden-traded-on-insider-information#comments</comments>
		<pubDate>Wed, 24 Aug 2011 18:57:54 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[life partners]]></category>
		<category><![CDATA[life partners holdings]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=753</guid>
		<description><![CDATA[A lawsuit was filed earlier this month in federal court against the board of Life Partners, alleging breaches of fiduciary duty resulting from &#8220;gross and reckless mismanagement.&#8221; The plaintiff, Life Partners shareholder Harriet Goldstein, filed suit June 9 in U.S. District Court in Waco, Texas. She named Brian Pardo, Scott Peden, Fred Dewald, Tad Ballantyne [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/lawsuit-alleges-pardo-peden-traded-on-insider-information/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Federal Judge Allows Counterclaim Against Prudential to Proceed</title>
		<link>http://www.michaelabraham.net/federal-judge-allows-counterclaim-against-prudential-to-proceed</link>
		<comments>http://www.michaelabraham.net/federal-judge-allows-counterclaim-against-prudential-to-proceed#comments</comments>
		<pubDate>Sat, 09 Jul 2011 00:54:52 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[coventry first]]></category>
		<category><![CDATA[infinity financial group]]></category>
		<category><![CDATA[insurable-interest claim]]></category>
		<category><![CDATA[pruco life insurance co]]></category>
		<category><![CDATA[prudential life insurance co]]></category>
		<category><![CDATA[STOLI]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=744</guid>
		<description><![CDATA[A federal judge said a counterclaim against a Prudential Life Insurance Co. of America subsidiary for negligent misrepresentation can proceed because the insurer told provider Coventry First that a $10 million policy was valid. Fort Lauderdale, Fla., U.S. District Court Judge James Cohn said yesterday that Wells Fargo can go forward on the counterclaim. The [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/federal-judge-allows-counterclaim-against-prudential-to-proceed/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Lincoln&#8217;s Agent of the Year Sued for Allegedly Falsifying Statements</title>
		<link>http://www.michaelabraham.net/lincolns-agent-sued-for-allegedly-falsifying-statements</link>
		<comments>http://www.michaelabraham.net/lincolns-agent-sued-for-allegedly-falsifying-statements#comments</comments>
		<pubDate>Fri, 08 Jul 2011 00:52:10 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[life insurance sales]]></category>
		<category><![CDATA[lincoln national life insurance]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=747</guid>
		<description><![CDATA[Andy Castro, who was purportedly Lincoln National Life Insurance Co.&#8216;s agent of the year, was sued for allegedly falsifying information on insurance applications for $3 million policies for a California couple. Miriam and Herman Russell sued Lincoln and Castro in San Diego Superior Court on July 26, 2010. Lincoln got the case moved to federal [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/lincolns-agent-sued-for-allegedly-falsifying-statements/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>FSCS will Loan Lifemark $10M to Pay Premiums, IFAonline Says</title>
		<link>http://www.michaelabraham.net/fscs-will-loan-lifemark-10m-to-pay-premiums</link>
		<comments>http://www.michaelabraham.net/fscs-will-loan-lifemark-10m-to-pay-premiums#comments</comments>
		<pubDate>Thu, 07 Jul 2011 00:56:47 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[fscs]]></category>
		<category><![CDATA[fscs uk]]></category>
		<category><![CDATA[kpmg]]></category>
		<category><![CDATA[life settlement portfolio]]></category>
		<category><![CDATA[lifemark]]></category>
		<category><![CDATA[lifemark $10million loan]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=749</guid>
		<description><![CDATA[The Financial Services Compensation Scheme (FSCS), a U.K. governmental entity that helps cover investor losses, has agreed to loan Lifemark $10 million to prevent the Luxembourg entity from collapsing, IFAonline says. The publication said Monday that Eric Collard of KPMG, administrator of Lifemark, arranged the loan last week in a visit to the FSCS in [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/fscs-will-loan-lifemark-10m-to-pay-premiums/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Law Firm Agrees to Pay $710K to Settle Retirement Value Case</title>
		<link>http://www.michaelabraham.net/law-firm-agrees-to-pay-710k-to-settle-retirement-value-case</link>
		<comments>http://www.michaelabraham.net/law-firm-agrees-to-pay-710k-to-settle-retirement-value-case#comments</comments>
		<pubDate>Wed, 06 Jul 2011 00:58:21 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[Kiesling Porter Kiesling & Free]]></category>
		<category><![CDATA[retirement value]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=751</guid>
		<description><![CDATA[Kiesling, Porter, Kiesling &#38; Free, a New Braunfels, Texas, law firm, has agreed to pay $710,000 to settle its role in the Retirement Value case, the San Antonio Express-News says. The law firm acted as Retirement Value&#8217;s escrow agent, according to Eduardo Espinosa, receiver for Retirement Value and an attorney with K&#38;L Gates in Dallas. [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/law-firm-agrees-to-pay-710k-to-settle-retirement-value-case/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bill No. A07143</title>
		<link>http://www.michaelabraham.net/bill-no-a07143</link>
		<comments>http://www.michaelabraham.net/bill-no-a07143#comments</comments>
		<pubDate>Mon, 04 Jul 2011 06:32:50 +0000</pubDate>
		<dc:creator>jwoodroffe</dc:creator>
				<category><![CDATA[Life Settlements News]]></category>
		<category><![CDATA[Miscellaneous]]></category>
		<category><![CDATA[Bill No A07143]]></category>
		<category><![CDATA[New York Life Settlement Act of 2009]]></category>

		<guid isPermaLink="false">http://www.michaelabraham.net/?p=717</guid>
		<description><![CDATA[07143 Summary: BILL NO    A07143 SAME AS    Same as S 4427 SPONSOR    Morelle COSPNSR MLTSPNSR Amd SS7803, 7807, 7811, 7814 &#38; 7819, rpld S7811 13, subS (c) 3, Ins L Relates to licensure of life settlement providers and certain reporting and disclosure requirements. A07143 Memo: BILL NUMBER:A7143 TITLE  OF BILL:  An act to amend the [...]]]></description>
		<wfw:commentRss>http://www.michaelabraham.net/bill-no-a07143/feed</wfw:commentRss>
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