Tuesday, March 16, 2010


Judge hears arguments in annuity case

Cranston lawyer Joseph Caramadre, who is accused of recruiting terminally ill patients to line his own pockets, wants lawsuits against him dismissed.

Two national insurance companies are suing Caramadre and several others, claiming they recruited terminally ill patients to sign up for annuities. The annuities are then owned by investors... There are death benefits in the annuities that guarantee investors all their money back when the patients die, plus interest...

TurnTo10: Judge hears arguments in annuity case

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