Maryland, Texas Men Accused Of $364M Ponzi
According to the 14-count indictment, the defendants perpetrated a Ponzi scheme to defraud investors of more than $364 million. The indictment alleges the defendants used false claims to invite investors to join them in purchasing consumer debt portfolios. Read more
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Washington Wire
Democrats In Key House Races Push Against Tax Deduction Cap
Congressman Leonard Lance voted last December with the interests of his northern New Jersey district in mind when he opposed his own party’ s sweeping tax overhaul. In their quest to regain control of the U.S. House, Democrats are focused on the law’s potential to hurt people.
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Annuity News
Brighthouse Financial Offers Two New Fixed Annuities
Brighthouse says the new products are positioned to respond to demand from rising interest rates.
INN Exclusives
Legal & General America Names Mark Holweger To Head Its Insurance Division
In his new role, Mark Holweger will focus on continued business growth with an emphasis on investing in LGA’s distribution channels.
INN Insider
Nasdaq Snaps Back Despite Tariff News; Netflix Jumps On Emmy Results
The bulls stayed in control in afternoon trading Tuesday, The Nasdaq was up 1%, undeterred by news of another round of tariffs on Chinese imports.
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