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1. www.beasleyallen.com › article › texas-judgeTexas Judge Approves $1B Settlement in Life Partners Lawsuit

   www.beasleyallen.com › article › texas-judge

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   Jul 13, 2016 · A Texas bankruptcy judge has approved a massive $1 billion settlement presented by Life Partners Holdings’ court-appointed bankruptcy trustee. The settlement will resolve class action litigation alleging that thousands of investors were fraudulently misled into purchasing bad life insurance settlements with promises of big returns.

2. wacotrib.com › business › jury-awards-fraud-judgmentJury awards fraud judgment against Life Partners CEO Pardo

   wacotrib.com › business › jury-awards-fraud-judgment

   Jun 14, 2017 · Mike Copeland. Jun 14, 2017. A jury in Fort Worth has found that Brian Pardo, longtime CEO of Waco-based Life Partners Holdings, committed fraud in his operation of the company he founded and...

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4. www.sec.gov › news › press-releaseSEC.gov | SEC Charges Life Settlements Firm and Three ...

   www.sec.gov › news › press-release

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   Jan 3, 2012 · The SEC alleges that Life Partners and the three executives were involved in disclosure violations and improper accounting that Life Partners used to overvalue assets held on the company’s books and create the appearance of a steady stream of earnings from brokering life settlement transactions.

5. www.sec.gov › files › litigationLife Partners Holdings, Inc., Brian D. Pardo, R. Scott Peden ...

   www.sec.gov › files › litigation

   Martin (“Martin”)—engaged in a disclosure and accounting fraud that misled the Company’s. shareholders about the sustainability of Life Partners’ revenues and profit margins, consumer. demand for the life settlement investments that the Company brokers, and, since at least fiscal. year 2007, the Company’s net income.

6. People also ask

   Who is life partners?

   • Life Partners, Inc. is a life settlement provider and provides purchasing agent services for life settlement transactions. A life settlement is an alternative investment involving the purchase of an existing life insurance policy at a discount to its face value.

   Life Partners, Inc. - Wikipedia

   en.wikipedia.org/wiki/Life_Partners,_Inc.

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   Who is liable for life partners fraud?

   • Chief Executive Brian Pardo was ordered to pay a $6.2 million civil penalty, while general counsel and secretary of LPHI, R. Scott Peden, was given a $2 million civil penalty. Judge Nowlin reversed a jury finding in March that Life Partners and its executives were liable on one count of fraud. "

   Life Partners, Inc. - Wikipedia

   en.wikipedia.org/wiki/Life_Partners,_Inc.

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   Did life partners voluntarily dismiss a lawsuit?

   • Life Partners Holdings, Inc. announced on December 4, 2013, that the plaintiffs have voluntarily dismissed a lawsuit filed against the company as well as its operating subsidiary, Life Partners, Inc., and two corporate officers.

   Life Partners, Inc. - Wikipedia

   en.wikipedia.org/wiki/Life_Partners,_Inc.

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   What happened to Life Partners Holdings & optionsXpress?

   • On April 15, 2014, Life Partners Holdings, Inc. filed suit against optionsXpress, Inc., a subsidiary of The Charles Schwab Corporation, the company's chief financial officer, and one of the company's largest customers for issuing and selling counterfeit shares of Life Partners Holdings stock.

   Life Partners, Inc. - Wikipedia

   en.wikipedia.org/wiki/Life_Partners,_Inc.

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7. en.wikipedia.org › wiki › Life_Partners,_IncLife Partners, Inc. - Wikipedia

   en.wikipedia.org › wiki › Life_Partners,_Inc

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   SEC legal actions. December 2013: Plaintiffs dismiss lawsuit against Life Partners—class certification denied. March 2014: Life Partners cleared of all fraud claims. April 2014: Life Partners sues Charles Schwab subsidiary for counterfeiting. December 2014: LPHI loses lawsuit with the SEC.

   • Parent: Life Partners Holdings, Inc.
   • Industry: Life settlement provider

   • Headquarters: Waco, Texas, United States
   • Website: www.lifepartnersinc.com

8. news.bloomberglaw.com › bankruptcy-law › lifeLife Partners to Exit Bankruptcy With Vida Capital Support

   news.bloomberglaw.com › bankruptcy-law › life

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   Nov 1, 2016 · Life Partners Holdings Inc., which collapsed amid accusations that it defrauded investors, will end its tumultuous bankruptcy by putting a Texas-based investment firm in charge of its so-called life settlement business (In re Life Partners Holdings Inc.order).

9. www.wsj.com › articles › life-partners-holdingsLife Partners Holdings Defrauded Investors, a Trustee’s ...

   www.wsj.com › articles › life-partners-holdings

   May 21, 2015 · A Texas company that sold more than $1.3 billion of fractional interests in individuals’ life-insurance policies to more than 20,000 people operated a “wide-ranging scheme to defraud its...