Articles tagged “Edmund G. Brown Jr.”
California life agent accused of multi-million dollar Ponzi scheme
11.18.2009 | By Keith L. Martin
A Sacramento, Calif., life insurance agent was recently arrested as the alleged mastermind behind a multi-million dollar Ponzi scheme to furnish his lavish lifestyle.
See more: annuities, CA, criminal, Edmund G. Brown Jr., Formulating Insurance Agency, Formulating Investments, fraud, InTex, investments, legal, On the Record, Ponzi schemes, Systematic Management Services, William Arthur Sassman II
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.

