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☆ Fresh customer-fraud allegations against Globe Life
▼ + stars: | 2024-04-30 | by ( Susan Antilla | ) www.businessinsider.com time to read: +9 min

Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.

Persons: —, AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio

(AP) — Inmates at a Mississippi prison were forced to mix raw cleaning chemicals without protective equipment, with one alleging she later contracted terminal cancer and was denied timely medical care, a federal lawsuit filed Wednesday alleges. Susan Balfour, 62, was incarcerated for 33 years at the Central Mississippi Correctional Facility until her release in December 2021. Prisoners were required to clean the facility, without protective equipment, using chemicals that might cause cancer, Balfour's lawsuit says. “I feel betrayed by our system that failed to provide timely medical care for me. The companies contracted to provide health care to prisoners at the facility — Wexford Health Sources, Centurion Health and VitalCore — delayed or failed to schedule follow-up cancer screenings for Baflour even though they had been recommended by prison physicians, the lawsuit says.

Persons: JACKSON, Susan Balfour, Balfour, I'm, VitalCore —, Drew Tominello, Tominello, Pauline Rogers ,, ” Rogers, ” ___ Michael Goldberg Organizations: Central Mississippi Correctional Facility, U.S . Southern, U.S . Southern District of, Centurion Health, Mississippi Department of Corrections, of Corrections, Mississippi Supreme, Rech Foundation, Associated Press, America Statehouse News Initiative, America Locations: Miss, Mississippi, U.S, U.S . Southern District, U.S . Southern District of Mississippi, Wexford, @mikergoldberg

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ Ireland recovers largest ever drugs seizure worth over $165M
▼ + stars: | 2023-09-27 | by ( Amy Croffey | ) edition.cnn.com time to read: +3 min

CNN —The biggest-ever drug seizure in the history of Ireland was intercepted off the coast of Cork in the southeast of the country on Tuesday, Irish police said. “It is the largest drug seizure in the history of the State,” Justin Kelly, Assistant Commissioner of An Garda Síochána, Ireland’s police force, said at the same conference. Three men, aged 31, 50 and 60, have been arrested on suspicion of organized crime and are currently being questioned at Garda stations in County Wexford, according to a Garda press release. Officers said the drugs originated from South America and were bound for crime groups in Ireland, the United Kingdom, and Europe. Assistant Commissioner Justin Kelly said the drug seizure was the largest in Ireland's history.

Persons: Matthew ”, Gerry Harrahill, ” Justin Kelly, ” Kelly, Justin Kelly, Garda Síochána, ” Tony Geraghty Organizations: CNN, Revenue, Dublin, State, Garda, Irish Air Corps, Irish Revenue Customs Service, Irish Defence Forces, Irish Naval Service, Maritime Analysis, Narcotics, European Union Locations: Ireland, Cork, South America, County Wexford, United Kingdom, Europe, Dublin, Lisbon, France, Italy, Spain, Netherlands, Portugal

☆ Warren Buffett dumps stock, regulators open probes as claims of abuse and fraud mount against a top Globe Life agency
▼ + stars: | 2023-08-31 | by ( Susan Antilla | ) www.businessinsider.com time to read: +22 min

Five other current or former agents confirmed to Insider that some Arias agents wrote up policies in the names of fictional people or people who were dead. Amy Williamson, an attorney who represents dozens of current and former Arias agents in civil claims, said she received an inquiry from a US attorney's office. With regard to Insider's specific questions about Globe, AIL, and Arias, she said, "It is the Company's policy not to comment." Lusty asked questions about Russin's campaign of aggressive social-media posts since Zinsky filed suit, Williamson said, including posts about his gun purchases. Since Zinsky filed suit against him, Russin has made a string of threatening social media posts featuring firearms.

Persons: Simon Arias, Warren Buffett, Berkshire Hathaway, Arias, Trina Orlando, Michelle Billotte, Billotte, she'd, Orlando, Nancy Andrews, William McKee, McKee, Brett Hambright, Amy Williamson, AIL, Renee Zinsky, Michael Russin, Russin, Jennifer Haworth, Benjamin Webb, Chris Williams, Natalie Price, dialers, DocuSign, Scott Dehning, Steven Greer, Joel Scarborough, Dehning, Haworth, Greer, Zinsky, Abeni Mayfield, Mayfield, Columbia , Maryland Rosem Morton, Abeni Mayfield Orlando, texted, Kailey Andrasko, propositioned, Russin texted, he'd, Kailey, Williamson, Anne Hilbert, Hilbert, Debbie Gamble, Zinsky's, Webb, didn't, interrogatories, Jonathan Lusty, Lusty, I'm Organizations: Arias, . Insurance, Wexford, Berkshire, Globe, Life, American, Arias Organization, Arias Agency, Pennsylvania Department of Insurance, Department of Insurance, Department, Pennsylvania, Globe Life, Texas Rangers, Dallas Cowboys, AIL, Organization, Russin, Insider Orlando, Caesars, Employment, Commission, Caesars Palace, Russin's, Consulting, Court, Western District of Pennsylvania Locations: Wexford , Pennsylvania, Wexford, Morgantown , West Virginia, AIL, Michigan, Scarborough, Columbia , Maryland, Las Vegas, Stockholm, Orlando, Morgantown, Mayfield's, Western District, Pittsburgh

☆ Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
▼ + stars: | 2023-08-21 | by ( Nicole Einbinder | Dakin Campbell | ) www.businessinsider.com time to read: +63 min

The nurse practitioner on duty that day was employed by Corizon Health, Inc., one of the nation's largest private prison healthcare providers. Under federal law, a bankruptcy judge may respond to evidence of self-dealing or perjury by appointing a trustee to take control of the bankrupt company, bankruptcy experts told Insider. Just six months before the Garcia family was scheduled to have their day in court, Corizon filed for bankruptcy. "The Corizon bankruptcy is presently in a court ordered mediation, and we are seeking a global resolution for all the parties involved." Goldberger's attorney, Joseph Haspel, responded to queries with a statement saying that "Mr. Goldberger is a passive investor" in Corizon, Tehum, YesCare, Perigrove, and Perigrove 1018.

Persons: Hector Garcia, Garcia, wriggling, Adria Malcom, Corizon, Bryan Baker, —, Doña Ana, Corizon ., Garcia's, Daniel Jimenez, Gina Macias, Belen Lowery, Hector Garcia , Jr, it's, Johnson, Tehum, Sen, Elizabeth Warren, I've, Isaac Lefkowitz, James Hyman, YesCare, Lefkowitz, Ian Cross, Lynn LoPucki, Tracey Grissom, William Kelly, Kelly, Hector Garcia Jr, Hector Jr, Ricky, he'd, Hector Garcia's, Ana County , New Mexico Hector Jr, Matt Coyte, Coyte, Hyman, didn't, Sara Tirschwell, Kholood, Tirschwell, Jason S, Ana County, Nick Tomecek, Christopher Atkinson, Wendy McGee, McGee, Stephanie Kiger, Anita Skipper, Atkinson, He's, Simche Steinberger, England, Steinberger's, Steinberger, Michael Flacks, Sylvia Jarrus, Cross, he's, David Gefner, Abraham Goldberger, Gefner, Perigrove, Terrence A, they'd, Oved, Goldberger, CHS Dana Anna, Flacks, Moneyman, Joel Landau, Joseph Haspel, Haspel, Andrew Levander, Landau, James Hyman's, It's, Genesis, David Harrington, Bill de Blasio, there'd, Hindenburg, David Paterson, Mark Roe, availing, Dick Durbin, Gefner . Lefkowitz, Tirschwell —, Davidson Kempner, Tim Hunter, Tirschwell's, catastrophically, Tirschwell's playbook, Jeff Sholey, Sholey, Steven Storch, Daniel's Organizations: Detention, Insider, Corizon Health, Inc, Housing, University of Missouri Health Care, Arizona Department of Corrections, Rehabilitation, Senate Banking Committee, Court, Middle, University of Florida, Alabama, futon, Health Services, New, Arizona, BlueMountain Capital Management, Flacks, Revenue, Corizon, New York Times, Tehum Care Services, CHS, YesCare Holdings, Okaloosa, Wyoming Department of Corrections, University of West, YesCare, Public, Alabama Department of Corrections, . Alabama Department of Corrections, Tehum, US, University of Missouri, LinkedIn, Flacks Group, Consulate Health Care, Justice Department, YesCare Corp, United Staffing Solutions, Charlotte, CHS Okaloosa, United, Solutions, Pharmacorr, Trade Center, Securities and Exchange Commission, Hindenburg Research, Alabama Department, Corrections, Geneva Consulting, Genesis Healthcare, Trade, Geneva, New York Stock Exchange, Pinta Capital Partners, The, Pinta Capital, New York Gov, Staffing Solutions, DG Realty, Harvard Law School, ACLU, Public Justice, Lawyers, Seven Trade, World Trade, Gefner, Southern, Southern District of Texas, The Alabama Department of Corrections, Southern Poverty Law Center, Medicare, Services, Quest Turnaround Advisors, New York City, Republican, city's Campaign Finance, CFB, Campaign Finance, Finance Locations: Ana, Las Cruces , New Mexico, facility's, Doña, Jimenez's, Las Cruces, Houston, New, Rockland County, Texas, Middle District, Tennessee, Michigan, Virginia, New York, Oregon, Idaho, New Mexico, Ana County , New Mexico, Corizon, Florida, New York City, A, York, Nashville, Missouri, Brentwood , Tennessee, Delaware, Okaloosa, Florida's panhandle, Okaloosa County, Okaloosa County , Florida, University of West Florida, YesCare, Wyoming, Shawnee County , Kansas, Bernalillo County , New Mexico, Tehum, Perigrove, Suffern, Brooklyn, America, Manhattan, Suffern , New York, Geneva, nonpayment, United States, Rivington, Alabama, Southern District, Wexford, Maine, Corizon's Texas, Mexico, Tirschwell's, YesCare Corp

☆ Eggs and bacon are finally getting cheaper
▼ + stars: | 2023-03-14 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +3 min

The cost of eggs is finally falling, according to the Bureau of Labor Statistics. Inflation cooled down overall, and egg prices fell 6.7% last month, according to the Bureau of Labor Statistics' Consumer Price Index release on Tuesday. The price of bacon also decreased by 1.5%, and even cheese and orange juice experienced modest declines in cost. Inflation impacted the cost of eggs as the avian flu began to spread in earnest last February. The egg news is welcome, especially as food prices increased slightly overall, by about 0.4% compared to January's 0.5% increase.

☆ Meet Matija Pecotic: a real-estate investor who counts Bill Ackman as a mentor - and now a breakout tennis star on the pro circuit
▼ + stars: | 2023-03-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

A 33-year-old real-estate investor has become a tennis star after beating a former top-10 player. Pecotic counts Bill Ackman as a mentor, and compares his game preparation to day trading. "Being mentored by Bill Ackman continued to influence that hunger," Pecotic said. The moonlighting tennis star scours match tapes and other information sources to spot his opponents' weaknesses and refine his own game. "In our world, we are all about information, put the emotions aside – analytics, analytics, analytics," he said.

☆ Real estate broker with tennis side hustle beats ex-top 10 player: 'I'm going to have to ask for another day off'
▼ + stars: | 2023-02-16 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Instead, he plays tennis before work every day to maintain his skill and love for the sport. I'm going to have to ask for another day off tomorrow." This particular Cinderella story was short-lived: Pecotić lost the next day to Marcos Giron, an American ranked No. "[Stock] is a former top-10 guy with an incredible amount of tennis experience and a huge serve," he said. Sign up now: Get smarter about your money and career with our weekly newsletter

☆ Americans are battling an egg price crisis after an almost 60% surge in 2022. Here's what's happening.
▼ + stars: | 2023-01-26 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Soaring input costs and a bird flu outbreak have driven up US egg prices to multi-year highs. Farmers across the US have pinpointed two factors that are fuelling the egg price crisis. Spiraling inflation has squeezed their input costs higher – and they've had to respond by raising egg prices. That's because the US is also contending with a vicious outbreak of bird flu, which is killing hens and reducing overall egg supplies. And with inflation still remaining elevated by historical standards and bird flu fueling a steep drop-off in supply, it's unlikely that the egg price crisis will be over anytime soon.

“We’ve got to unite,” Oz said at a rally Friday in Wexford, a suburb north of Pittsburgh. Democrats see his message as blatant hypocrisy considering he is backed by former President Donald Trump and has campaigned with him. “Uhhhh will he refuse to campaign with Mastriano + Trump this weekend then?? He has mostly kept Mastriano at arm’s length while rarely mentioning Trump, instead focusing on crime, inflation and undocumented immigration. “As much as I loved Trump as president, he’s pushed the other party so far away.”

☆ 55 Of The Most Serious Tennis Players In Finance
▼ + stars: | 2014-08-31 | by ( Julia La Roche | ) www.businessinsider.com time to read: +1 min

Getty ImagesThe competitive nature of playing a sport has helped a lot of folks succeed on Wall Street. Wall Street is littered with top tennis players. That's because many of the tennis players on Wall Street know each other very well and feel comfortable doing business together. What's more, a bunch of the younger players met their employers on the court, and certain firms just love tennis players in general. In short, the tennis court is great place for networking in general.

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