Tag Archives: Annuity

McAuliffe Tied To Dirty Annuity Deal, 2 Investors Aware They Were Betting On Specific, Dying People

A dying mechanic wanted a few thousand dollars to leave to his wife, two sons and infant daughter. A politically connected millionaire, now running for Virginia governor, wanted to make some money. And a Rhode Island estate planner wanted to become ambassador to the Vatican.

All three came together on paper in late 2006 in a deal struck just two months before the 44-year-old mechanic died of cancer.

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