Sarasota-Bradenton area insurance agents charged in $6.3M Ponzi scheme

Authorities accuse defendants of targeting elderly victims.

  • By Business Observer Staff
  • | 3:45 p.m. June 27, 2020
Phillip Roy Wasserman.
Phillip Roy Wasserman.
  • Manatee-Sarasota
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A pair of Sarasota-Bradenton area licensed insurance agents — one who goes by the name the Annuity King on some online ads — have been charged in a $6.3 million Ponzi scheme that allegedly targeted elderly victims to liquidate traditional investments and invest with their company.

 

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