NY Man Convicted In $1.6M Annuities Fraud Scheme

By Brandon Lowrey ( July 19, 2016, 4:13 PM EDT) -- A New York federal jury has convicted a man of selling $1.6 million in "charitable gift annuities" that he fraudulently claimed were insured and tricking investors into using their retirement funds to invest in his companies, the U.S. Department of Justice said Tuesday....

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