INSURANCE IS KEY TO CORRUPTION ARE YOU AN INSURANCE - TopicsExpress



          

INSURANCE IS KEY TO CORRUPTION ARE YOU AN INSURANCE SECURITY? . January 25, 2015 at 2:59pm Rene Powers: radio host/One Mom On A Borough investigative journalist INSURANCE IS KEY TO CORRUPTION. ARE YOU AN INSURANCE SECURITY? The intent of sharing this information is to give you a preponderance to investigate and think. What is allowing so much of the corruption to exist? What is used to launder the funds behind the scenes? How many identities have been created off of the men and women of America on behalf of AMERICA through insurance fraud, mortgage fraud, securities fraud, IRS fraud, social security fraud? The list is endless when you see that anything that stands as a contract is also insurable. Isnt it? Think, think and then research some more. What I have found is that insurance is key to the corruption being played out against our land, homes and lives. Do you have a license for anything? That is a contract. Do you have a dog or car or any other property you have paid a license for? Do you think that maybe the agency you asked permission for that contract to exist may have insurance on your breach of that contract? Here is a HUD Glossary for you to see. What do you see? I see a lot of ways for a lender, or pretender lender aka: 3rd party debt collector, to make $$$ off of your identity, land, home and lives. Open this link and see the Glossary? Look at how many ways the crooks can insure AGAINST you for their benefit! portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying/glossary Lets think about Child Protective Agencies. Are the CHILDREN an income for the agency? YES. So, lets ponder on the possible insurance behind the scenes on the property of CPS. Here is a link that you may want to explore from Wisconsin Foster Care Program and the required insurance: dcf.wisconsin.gov/children/foster/progserv/insprg.htm https://realitybloger.wordpress/2011/12/16/do-you-own-your-children/ Insure Children? I dont think it is just Gerber that benefits from selling this property insurance. A CHILD is property of the state, an offspring is the property of the birth parent. This is insurance for loss. THINK! https://familyfirst.gerberlife/growup?keycode=407793&utm_source=Google&utm_medium=cpc&utm_term=%2Binsure%20%2Bchild-49495713-VQ2-g-VQ6-27168214681-VQ8--VQ9--VQ15-1o1-VQ16-c&utm_campaign=Insurance_NB-Child_MBR&iq_id=49495713 This information is shared as i investigate the contacts are noticeably of interest. The link has the term Military State Contacts and there is a contact number for PUERTO RICO insurance division. naic.org/documents/consumer_military_state_contacts.pdf Are you aware that lenders will have insurance policies for their protection from breach of contract? Defaults? Life insurance on your identity? Carol Keihn and I have shared our research, actually on ours and mulitple shows, that have discussed the Metlife Buy/Sell. We have told you that you go to the closing as both the buyer and the seller. Yes, it is all very shocking to see just what deception has been, and continues to be, used against our identities without our knowledge. There are many things you must do to stop the corruption on your identity, go to the links for this show, listen and review: blogtalkradio/onemomonaborough This is information you will want to read as you research insurance, information that is well researched by Carol and myself. This is a good share of another link offline that lays out some of the FACTS well. from a brokerage firm I found during research: Shepherd Smith Edwards & Kantas LTD LLP Law Firm. Attorneys know all about insurance/bonds and payout of insurance behind the scenes as many are participating in collecting on insurance/bond unseen by their clients. MetLife Securities Background Information Metropolitan Life Insurance Company has operated under several names and is now branded as “MetLife.” It struggled into existence in the Civil War era of the 1860’s. With few regulations, life policies then sold were very expensive with high comnissions. Salespeople often collected weekly payments, often in cash. Income from new policies was used to pay small dividends to on older policies in a manner similar to a “Ponzi” scheme. MetLife indicates that competition for salesmen at the time forced insurance companies to engage in such abusive practices. “The late 1890s and early 1900s were a time of journalistic muckraking, and insurance companies, like big business in general, became targets for the pens of journalistic zealots,” MetLife states, “Metropolitan spearheaded the defense of industrial insurance...” The tactic of “shooting the messenger” has thus been around for more than 100 years. In 1905, New York’s state legislature launched an investigation to curtail insurance abuses. Top executives of major life companies, including 4th largest Metropolitan, were ordered to testify. Improper practices were acknowledged and changes were mandated, including the end of the Ponzi-like policies. MetLife says its competitors were more guilty than MetLife and it therefore only received a “wrist-slap.” MetLife also states that in 1939 “[a] federal investigation of life insurance companies is launched, but the industry ultimately is left to police itself.” MetLife has a propensity for sky-high activities. In 1893, it completed Metropolitan Tower, a New Yorklandmark for generations. The company was also instrumental in financing construction of Rockefeller Centerand the Empire State Building. In 1980, it bought the highly-recognizable Pan Am building for $400 million, the most paid for a building at the time. Today, at no cost, it sends its blimps, “Snoopy I” and “Snoopy II,” to televised events and large gatherings. After the federal tax system was created, many insurance companies, including Metropolitan in 1915, converted to “mutual” companies to save taxes. Policy holders purportedly owned the life firms but had little say in the operations – including executive pay. This structure later limited MetLife’s options and, when it recently sought to “go public” it was forced to offer its mutual owners policy credits or stock shares. The IPO in 2000 raised $2.5 billion. MetLife has since acquired Travelers Life & Annuity and most of Citigroup’s insurance businesses. MetLife Securities, Inc. was licensed as a brokerage firm subsidiary in 1983. It is often difficult to ask someone to bet he or she will die sooner than expected. To create benefits for policyholders while alive, insurance companies long ago linked savings to life insurance. To later compete with growing interest in the stock market, variable life and variable annuity policies - mutual funds in insurance wrappers - were created. Because regulators required securities licenses to market these products, insurance companies, including MetLife, formed securities subsidiaries and licensed insurance agents to also sell variable products and mutual funds. MetLife was transformed not only from a mutual life to a publicly held company, but also from a life insurance to a diversified financial services firm. Former Paine Webber executive Robert Benmosche was hired in 1995, and was soon promoted to CEO. MetLife Securities was expanded and a number of other securities subsidiaries have been acquired, including Nathan & Lewis Securities, Inc., New England Securities, Walnut Securities, Inc. and State Street Research & Management Company (later sold). MetLife’s financial situation is not “Peanuts.” Boasting over $2 trillion in policies, and over a quarter trillion in reserves, it is the largest life insurer in North America and it is second in annuities. Its market capitalization is almost $50 billion, its latest reported annual gross receives is about the same and its net income was $3.27 billion. Without a breakdown of their functions, it reports 46,000 employees worldwide. Shepherd Smith Edwards & Kantas LTD LLP Law Firm Our law firm represents institutional and individual investors nationwide with significant losses in their portfolios, retirement plans and investment accounts. Our attorneys and staff have more than 100 years of combined experience in the securities industry and in securities law. Several of our lawyers served for years as Vice President or Compliance Officer of brokerage firms. Each lawyer and staff member of our firm is devoted to assisting investors to recover losses caused by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. Each attorney at our firm has experience representing investors in securities arbitration claims and/or lawsuits. We have handled more than thousand cases against hundreds of large and small brokerage firms, including life insurance subsidiaries. Additional Information: MetLife’s Deception Starts Widespread Scandal Marrying life insurance to investment portfolios did not come without problems. Scandal erupted in 1993 when lawsuits were filed in Florida against MetLife and its agents claiming the agents deceptively sold insurance policies to nurses disguised as retirement plans. The revelation widened into a nationwide scandal in which similar claims were filed against MetLife and several other large insurance companies. Over several years, MetLife ultimately paid millions in regulatory fines and lawsuit settlements to resolve the claims. As a further result of the scandal, MetLife’s earnings suffered and its credit ratings were negatively affected. This prompted wholesale changes in the company’s marketing and sales practices as well as its supervisory procedures. Yet, only a decade later the lure of trillions of dollars in potential sales would attract MetLife and other insurers into other similar practices which has placed them under additional regulatory scrutiny and has subjected them to more fines and lawsuits. MetLife Units Fined for Trading & Email Violations The National Association of Securities Dealers fined MetLife’s securities subsidiaries $5 million for their role a widespread scandal over late-trading in mutual funds. Included were MetLife Securities, New England Securities and Walnut Street Securities. The firms were also charged with providing inaccurate and misleading information and failing to timely produce email evidence to the NASD during the investigation. Late-trading involves buying and selling mutual fund shares after the market closes at prices set on the close. This gives the traders the advantage of knowing events and after-hours trading prices on shares of stock owned by the funds. In addition to the late traders, others involved are those who assist by hiding the actual time of the trades and who conceal the traders’ identities to avoid detection. The victims are the innocent holders of the mutual funds whose portfolios were robbed of the illegally gained profits. Billions were stolen industry-wide. The MetLife companies were charged in the scandal after a review of almost 20,000 suspect trades revealed at least 800 illegal transactions. I was also charged with providing the NASD with inaccurate and misleading responses to its inquiries, when contrary evidence was available. The inaccurate responses were apparently coordinated by a coordinated group of employees from the three firms and their law firm. Relevant emails were also withheld for months. NASD relies on firms to respond accurately and promptly to requests for information on matters of regulatory concern, said the NASD’s Head of Enforcement. Ultimately, this case should send a strong message that NASD expects firms to provide accurate information to regulatory inquiries in a timely manner - and that failures to provide accurate information will draw severe sanctions. MetLife Defrauds Georgia Sheriffs Department Metropolitan Life Insurance Co. (MetLife) paid a $250,000 fine and agreed to a cease-and-desist order to settle allegations it failed to supervise its a registered representative, according to an April 11, 2006, report in the Atlanta Business Chronicle. MetLife neither admitted nor denied the SECs findings. In what must be near the top of the list of dumb crimes, a MetLife agent was charged by the SEC with defrauding the Fulton County Sheriffs Office over investments of $7.2 million in public funds. MetLife was charged with for failing to supervise the agent and for failing to retain required books and records relating to the investments. Metropolitan Life Insurance Co. paid a fine of $250,000 fine and agreed to a cease-and-desist order to settle the allegations that it failed to supervise its a registered representative, according to an April 11, 2006, report in the Atlanta Business Chronicle. MetLife neither admitted nor denied the SECs findings. The SEC found that the MetLife agent falsely told the Fulton County Sheriffs Office that the entity which received the funds was an affiliate of MetLife when it was not. The MetLife representative also sent bogus account statements to the Sheriffs Office. Meanwhile, said the SEC, MetLife was on notice of compliance issues concerning the representative when he was hired in 2000 and, despite repeated violations and ongoing compliance concerns, permitted the representative to work at an offsite location, without a supervisor present. In July 2002, the representatives new supervisor asked MetLife to investigate the representative for potential money laundering but MetLife did not have policies or procedures in place to timely conduct an appropriate investigation. A later investigation revealed a suit by another, but this did not prompt any further investigation of the agent. MetLife Fined $500,000 over College Savings Plans The NASD fined MetLife Securities, Inc. $500,000 failing to establish systems and procedures to supervise the sales of 529 College Savings Plans and ordered the firm to reimburse approximately 300 of its clients a total of $375,000. 529 College Savings Plans, available in most states, offer tax-deferred growth for families to save for higher education costs. The NASD found that sales such plans exceeded $150 million, but MetLife did not have proper procedures to supervise the sale of 529 Plans including suitability requirements. MetLife agreed to the sanctions and entry of the findings without admitting or denying the NASD’s charges. Firms must take steps to ensure that investors are aware of the critical features of the many different 529 Plans that are being offered today, so investors are better able to choose a plan thats right for them, said the NASD Head of Enforcement. Brokers must consider all relevant factors - including possible state tax benefits, investment choices and expenses, and more in determining whether a 529 Plan is a suitable investment for a particular customer. And brokers must disclose those relevant factors to the customer. Our law firm represents institutional and individual investors nationwide with significant losses in their portfolios, retirement plans and investment accounts. Our attorneys and staff have more than 100 years of combined experience in the securities industry and in securities law. Several of our lawyers served for years as Vice President or Compliance Officer of brokerage firms. Each lawyer and staff member of our firm is devoted to assisting investors to recover losses caused by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. Each attorney at our firm has experience representing investors in securities arbitration claims and/or lawsuits. We have handled more than thousand cases against hundreds of large and small brokerage firms, including life insurance subsidiaries. Call us at (800)259-9010 or contact us through our Website to arrange a free confidential consultation with an attorney to discuss your experiences with an investment advisor or financial firm which resulted in losses. Additional Information: MetLife’s Deception Starts Widespread Scandal Marrying life insurance to investment portfolios did not come without problems. Scandal erupted in 1993 when lawsuits were filed in Florida against MetLife and its agents claiming the agents deceptively sold insurance policies to nurses disguised as retirement plans. The revelation widened into a nationwide scandal in which similar claims were filed against MetLife and several other large insurance companies. Over several years, MetLife ultimately paid millions in regulatory fines and lawsuit settlements to resolve the claims. As a further result of the scandal, MetLife’s earnings suffered and its credit ratings were negatively affected. This prompted wholesale changes in the company’s marketing and sales practices as well as its supervisory procedures. Yet, only a decade later the lure of trillions of dollars in potential sales would attract MetLife and other insurers into other similar practices which has placed them under additional regulatory scrutiny and has subjected them to more fines and lawsuits. MetLife Units Fined for Trading & Email Violations The National Association of Securities Dealers fined MetLife’s securities subsidiaries $5 million for their role a widespread scandal over late-trading in mutual funds. Included were MetLife Securities, New England Securities and Walnut Street Securities. The firms were also charged with providing inaccurate and misleading information and failing to timely produce email evidence to the NASD during the investigation. Late-trading involves buying and selling mutual fund shares after the market closes at prices set on the close. This gives the traders the advantage of knowing events and after-hours trading prices on shares of stock owned by the funds. In addition to the late traders, others involved are those who assist by hiding the actual time of the trades and who conceal the traders’ identities to avoid detection. The victims are the innocent holders of the mutual funds whose portfolios were robbed of the illegally gained profits. Billions were stolen industry-wide. The MetLife companies were charged in the scandal after a review of almost 20,000 suspect trades revealed at least 800 illegal transactions. I was also charged with providing the NASD with inaccurate and misleading responses to its inquiries, when contrary evidence was available. The inaccurate responses were apparently coordinated by a coordinated group of employees from the three firms and their law firm. Relevant emails were also withheld for months. NASD relies on firms to respond accurately and promptly to requests for information on matters of regulatory concern, said the NASD’s Head of Enforcement. Ultimately, this case should send a strong message that NASD expects firms to provide accurate information to regulatory inquiries in a timely manner - and that failures to provide accurate information will draw severe sanctions. MetLife Defrauds Georgia Sheriffs Department Metropolitan Life Insurance Co. (MetLife) paid a $250,000 fine and agreed to a cease-and-desist order to settle allegations it failed to supervise its a registered representative, according to an April 11, 2006, report in the Atlanta Business Chronicle. MetLife neither admitted nor denied the SECs findings. In what must be near the top of the list of dumb crimes, a MetLife agent was charged by the SEC with defrauding the Fulton County Sheriffs Office over investments of $7.2 million in public funds. MetLife was charged with for failing to supervise the agent and for failing to retain required books and records relating to the investments. Metropolitan Life Insurance Co. paid a fine of $250,000 fine and agreed to a cease-and-desist order to settle the allegations that it failed to supervise its a registered representative, according to an April 11, 2006, report in the Atlanta Business Chronicle. MetLife neither admitted nor denied the SECs findings. The SEC found that the MetLife agent falsely told the Fulton County Sheriffs Office that the entity which received the funds was an affiliate of MetLife when it was not. The MetLife representative also sent bogus account statements to the Sheriffs Office. Meanwhile, said the SEC, MetLife was on notice of compliance issues concerning the representative when he was hired in 2000 and, despite repeated violations and ongoing compliance concerns, permitted the representative to work at an offsite location, without a supervisor present. In July 2002, the representatives new supervisor asked MetLife to investigate the representative for potential money laundering but MetLife did not have policies or procedures in place to timely conduct an appropriate investigation. A later investigation revealed a suit by another, but this did not prompt any further investigation of the agent. MetLife Fined $500,000 over College Savings Plans The NASD fined MetLife Securities, Inc. $500,000 failing to establish systems and procedures to supervise the sales of 529 College Savings Plans and ordered the firm to reimburse approximately 300 of its clients a total of $375,000. 529 College Savings Plans, available in most states, offer tax-deferred growth for families to save for higher education costs. The NASD found that sales such plans exceeded $150 million, but MetLife did not have proper procedures to supervise the sale of 529 Plans including suitability requirements. MetLife agreed to the sanctions and entry of the findings without admitting or denying the NASD’s charges. Firms must take steps to ensure that investors are aware of the critical features of the many different 529 Plans that are being offered today, so investors are better able to choose a plan thats right for them, said the NASD Head of Enforcement. Brokers must consider all relevant factors - including possible state tax benefits, investment choices and expenses, and more in determining whether a 529 Plan is a suitable investment for a particular customer. And brokers must disclose those relevant factors to the customer. This note is either going to get your thinking and realizing that the laundering of money is simple for the crooks, and they do it legally through insurance, but launder it unlawfully as they use our land, homes and lives without our knowledge for their unjust enrichment. THINK. I did research that lead me to conclude that we must share the facts, note I say FACTS. Truth being shared is subject to the receivers belief system and as such may not be fact, but just a belief in what the truth is. FACTS are what we should relate with. We will all have an opinion on what the facts mean to us as truth, but none the less, facts stand. Truth is subject. Think. The information here is for educational purposes, nothing here is intended to give advice or answers to your loss, but it is a conduit of information that will offer you research ideas to assist in your quest for knowledge. Good luck and lets stop the corruption and RESTORE OUR LIBERTIES!
Posted on: Tue, 27 Jan 2015 06:02:17 +0000

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