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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
Recently, researchers used Lidar to map the pyramid's interior and found previously hidden rooms. AdvertisementAdvertisementIn 1836, Egyptologist John Shae Perring was excavating the Pyramid of Sahure (also known as Sahura) when he noticed a debris-filled passageway. An expert on floor plans for these types of structures, he surmised there might be storage rooms beyond. The hidden storage roomsThe area was so damaged it was impossible to enter, so Perring had no way of knowing if he was right. The pyramid is falling apartPart of the reason the pyramid is in such disrepair is due to the original construction techniques.
Persons: , John Shae Perring, Perring, Ludwig Borchardt, he'd, Mohamed Ismail Khaled, Julius, Würzburg, wasn't, Ra, Borchardt Organizations: Service Locations: Giza, Sahure
Adani Group companies have lost over $110 billion in market value in the past fortnight. These losses eclipse those at other short seller targets like Enron and Wirecard. Enron lost more than $65 billion between August 2000 and December 2001 when it filed for Chapter 11 bankruptcy, per Bloomberg's record. In Wirecard's case, it was short seller Fraser Perring, who in a 2016 report, accused the payments firm of money laundering and fraud. Shares of Adani Transmission, Adani Green Energy, and Adani Power were also up.
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