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Wells Fargo Can't Get Paid In 'Elaborate' Insurance Scheme

By Lauraann Wood ( August 17, 2022, 9:09 PM EDT) -- Wells Fargo Bank can't cash in on a $5 million life insurance policy Sun Life Assurance Co. of Canada issued to a 78-year-old man because the policy was part of an elaborate scheme that was "unmistakably" an illegal wager on his life, the Seventh Circuit said Wednesday. . . .

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