$12.7 Million Estate Planning Equity Indexed Annuity Order

This month the King County Superior Court, State of Washington ordered CLA to pay $6.2 million in restitution and $6.5 million in civil penalties and issued injunctive relief in a case arising out of fraudulent free “estate planning” seminars used in part to gather information from unsophisticated seniors in Washington. The Order can be read here. Dr. McCann testified on behalf of the Washington Attorney General. The Court’s discussion of Mr. McCann’s testimony begins at page 29.