Word: grouping
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Dates: during 1990-1999
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DIED. KIMBERLY JENSEN, 44, chief operating officer of Mort Zuckerman's publishing group; an apparent suicide; just days after being asked by company officials about money missing from an Atlantic Monthly account; in a Comfort Inn in Ocean City, Md. Her bosses reportedly allege she used company funds to cover sundry personal expenses...
...marketed to seniors looking for a slightly better return on their retirement income. Ursula Linke, 60, of Silver Spring, Md., and her husband, tired of earning a relatively paltry 4% to 6% on their annuities, moved their entire life savings of $700,000 into viaticals sold by Liberte Capital Group of Toledo, Ohio, which claimed to pay 14% on a one-year maturity. "We wanted to have a sound investment, retire and have some peace and tranquillity," says Linke. After the first few quarterly payments arrived from the company, the money suddenly stopped coming. Liberte Capital blames its escrow agent...
Viators can be victims too. There are brokers who reap hefty, 18% commissions without getting the sellers--often ill, vulnerable people--the best deal available. One viator who went through Alpha Capital Group, a viatical provider that is fighting a cease-and-desist order from Washington State, ultimately received $5,400, or 6% of the policy's $90,000 face value...
...their zeal to crack down. "It's a critical option that every terminally ill person should have," says Valerie Cooper, executive director of the NVA, who claims scam artists don't represent the bulk of law-abiding viatical providers, like Page & Associates and the Ardan Group. Gloria Wolk, chief consumer advocate for viaticals www.viatical-expert.net) is worried that money for legitimate viatical settlements could disappear: "Fraud can destroy this industry and leave patients high...
...base logs. That's on top of reports over the years of cuts and concussions incurred during construction. "People are saying these students gave their lives for the cause, but their lives were clearly taken," says biology professor Hugh Wilson, who leads Aggies Against Bonfire, a faculty and student group. "I'd like to see the bonfire abolished as an institutional enterprise...