A&O Life runs afoul of the law in Illinois and Texas

Posted on May 8, 2009 by Philip Thomas

Here is a Notice of Hearing from the Secretary of State of the State of Illinois that provides background information on Colson dispute intervenor A&O Life. The notice accuses A&O of acting as an unregistered investment adviser in Illinois in connection with its viatical life "investments." Apparently, A&O sold interests in its "investments" as a bond fund. It identifies one of A&O's principals as Adley Wahab, a charged felon in the State of Texas in 2004 for forgery of a financial instrument.

The Notice identifies Wahab as a 1996 graduate of LSU.  

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