Bloomberg Markets magazine in its January 2014 issue, reports on Alabama Reassurance and its connections to the prosecution of Philadelphia entrepreneur Allen W. Stewart. The case involving Alabama Re centered on two clauses in an insurance contract--one clause stated that there were no other "understandings between the parties." But a second clause, reached on or about the same day, limited Alabama Re's possible losses in its contract with Stewart's company, Summit National Life Insurance. The clauses guaranteed that Alabama Re would suffer little or no loss, and a federal jury found the contract to be fraudulent.
Here's how Bloomberg Markets described the central issue in the Stewart case involving Alabama Re:
"The owner of one imperiled insurer, Philadelphia lawyer Allen W. Stewart, was convicted by a Philadelphia jury in 1997 on 135 counts of racketeering, wire fraud and money laundering and sentenced to 15 years in prison.
Nine of those counts concerned a reinsurance agreement with Alabama Re. In 1991, Stewart’s Fidelity General Life Insurance Co., facing insolvency, paid Alabama Re $412,500 to take on $15 million of its liabilities, according to the indictment. Regulators in California and Arizona rejected the agreement, saying it didn’t really shift the liability. Fidelity and Alabama Re then signed a new agreement in March 1993, which included a clause saying there were no other 'understandings' between the parties.
Yet on or around that same day, a side agreement was signed with Fidelity’s parent company, Summit National Life Insurance Co., the indictment says, limiting Alabama Re’s possible losses to $481,250, guaranteeing that Alabama Re would suffer little or no loss."
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| Paul Bryant Jr. Photographer: Glenn Baeske/The Huntsville Times/Landov |
5 comments:
probably safe to say any person or a place where the act of doing a business was and is happening, gets accomplished through the virtual so called 'money'.
digits are what the so called money is in reality and real truth is the digits are virtual.
sure notes get printed as dollar bills and these have saturated the global market.
insurance however, is in the shift of global money struggle for power.
Businesses moved to China and Russia a 'transnational' finding cheaper labor, then that is where the corp went.
AIG, went into China. insurance is a way to do what, exactly, for the real commerce of the people like Roger Shuler?
IOLTA is an insurance and Roger must be able tap this from the ABA? what about the American Disabilites filing of a complaint to find the best civil rights lawyers - that is one saying anyway - for how he could be seriously disabled.
Roger Shuler NEEDS to have the proper legal equal rights as the best in America, ADA
I've spoken with private attorneys whose offices are located in New York, Michigan, Texas, Illinois, and several others even contacting the ABA; while all concerned about prosecutorial misconduct and the Alabama Judiciary, it was conclude in general, separately, that none of them didn't have any faith in the practicing of law in Alabama due Alabama's reputation.
This case, Roger Shuler's case, has become one of the best examples in recent times that has escaped from all efforts to silence him, whereby providing him the time to make known publicly; in so many words, if this can happen to him, how many others has such already happened too, or worst; or yet to have done to them not yet experienced; unfortunately unlikely Shuler without the ability to make known publicly their stories.
Accordingly this case, and others are sure to surface, at some point in time GOVERNOR BENTLEY cannot escape his responsibility, therefore taking actions, no longer hiding behind his being only judicially accountable in the Executive Branch; while true in part, not in whole, the definition of "governor, the EXECUTIVE head of a state in the U.S." "executive, pertaining to or charged with the EXECUTION of laws or the ADMINISTRATION of public affairs."
Shuler's case, legally dictates the governor officially notify the Attorney General, and move forthwith to dispose of in a lawful public manner, without any appearances of personal agendas or bias towards his case.
If not, now that more than a reasonable amount of time has already pasted, an official written certified mail request should be filed with the Birmingham office of the fbi.
REQUESTING THEIR RESPONSE BY A SPECIFIC DATE.
"THE FEDERAL GOVERNMENT WILL INTERVENE, DESPITE PENDING STATE PROCEEDINGS.............."
The lights are on but nobody is home???
From as far away as Virginia there has been given an interview to a reporter by Alabama businessperson; the gravity of the interview was further stimulated when referring to the public from where they resided when saying paraphrasing; the people there live in fear, afraid to criticize their local officials.
It's also been said that there exist file documenting public being targeted, arrested, then held in jail until they bought them an attorney.
This Shuler case is giving Alabama a lot of word of mouth publicity coming from down there.
Surely there is someone down there near the Shuler's home that could render assistance, if needed, to assist in preparing and then deliver by certified mail official request to the U.S.D.O.J.'s office[s], reporting for the record an official incident report's complaint number be assigned, simultaneously complaint case be opened for investigation.
CULLEN vs. FLIEGER 18 F. 2d [2nd U.S. CIRCUIT] 1994
"THE FEDERAL GOVERNMENT WILL INTERVENE DESPITE PENDING STATE PROCEEDINGS, WHERE THE STATE PROSECUTION, OR PROCEEDINGS HAS BEEN BROUGHT TO RETALIATE FOR OR TO DETER CONSTITUTIONALLY PROTECTED CONDUCT OR WHERE A PROSECUTION OR PROCEEDING IS OTHERWISE BROUGHT IN BAD FAITH OF FOR THE PURPOSE TO HARASS."
BENIGNI vs. CITY OF HELMET 861 F. 2d 1092 [9th U.S. CIRCUIT]
"EQUAL PROTECTION HARRASSMENT CLAIM NEED NOT BE BASED ON CLASS DISCRIMINATION, BUT MAY BE PREDICATED UPON ANY OTHER ARBITRARY CLASSIFICATION. DECISION TO SINGLE OUT..AS A TARGET FOR GREATER LAW ENFORCEMENT ACTIVITY IS CERTAINLY ON SOME SORT OF ARBITRARY CLASSIFICATION OF HIM."
The so called "elites" had to make money some how. It wasn't as if they could take up honest labour. Lets hope all of those who participated in the fraud are sentenced to jail. Fines, in these types of cases don't work. They are considered the price of doing business. Sending them to one of those private for profit jails would be a fitting ending to some of their careers.
If these "elites" thought by putting Mr. Shuler in jail they could silence him, it hasn't worked.
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