October 7, 2009…Kimberly Miller of the Palm Beach Post reports that local insurance tycoon, Barry Kaye, has been sued for fraud in federal court in Ohio. The suit claims that Kaye and his son, Howard, persuaded an 81 year old man to purchase a $5 million policy of insurance with promises that he later could sell the policy to an investor for a substantial profit. After paying more than $322,000 in premiums over a two year period, Louis Levin said that there was no market to sell the policy as the Kaye group had represented. The suit alleges further than Howard Kaye solicited Levin, recommended the purchase of the policy and received a substantial commission when Levin made the purchase. Compensatory and punitive damages are being sought.
Post By:
John R. Hargrove
Hargrove Pierson & Brown
“A Boca Raton Law Firm”
This is the 1st site I record any points about this. Who asks to cast off time interpreting the forgotten S.F. Chronicle or N.Y. Times? Their large-minded newsmen’ bias is a lot immoral than the old “dead tree” mass media.