In 2016, a Los Angeles Superior Court jury awarded $15.6 million to a grandmother who lost her life savings in a bogus investment fund that was offered by a MetLife insurance agent. After an eight-week trial, the jury unanimously found that MetLife and two of its subsidiaries, New England Life Insurance Co. and New England ... Read More
Elderly grandmother who lost life savings is first to successfully challenge insurance giant LOS ANGELES, Aug. 31, 2016 /PRNewswire/ — A Los Angeles Superior Court jury awarded $15.6 million to a grandmother who lost her life savings in a bogus investment fund that was offered by a MetLife insurance agent. After an eight-week trial, the ... Read More
Donahoo & Associates, PC began a trial this week against MetLife, Inc. The case involves a defunct real estate fund, Diversified Lending Group, run by Bruce Friedman, that offered a high guaranteed rate of return to its investors. The suit alleges DLG was introduced to the investors by MetLife agents and brokers, who themselves learned ... Read More
An article in this week’s New York Times summarizes the issues raised in an ongoing lawsuit against MetLife and two of its subsidiaries. The case involves a defunct real estate fund, Diversified Lending Group, run by Bruce Friedman, that offered a high guaranteed rate of return to its investors. The suit alleges DLG was introduced ... Read More
Investors have become familiar with the names Madoff and Ponzi, they get the connection. But it is often new news to hear that there have been more than 500 other Ponzi schemes in the ‘Madoff Era.' A recent Forbes article recounts the story of Madoff and the nearly $20 billion lost through his scheme. It ... Read More
