FIP - Future Income Payments

  • 2019 0923 - The Greenville News - Marshals capture Scott Kohn, accused in Greenville of preying on veterans and investors, by Kirk Brown - [link]
    • U.S. Marshals have arrested a man who is accused of operating a $1 billion Ponzi scheme that investigators say victimized thousands of financially desperate military veterans and unsuspecting investors, including dozens in the Upstate.
    • Kohn’s business was based on providing cash advances to struggling veterans, typically of $25,000 or less though in some instances as much as $60,000. Those veterans agreed to repay the money over a period of four to 10 years with the monthly income from their military disability benefits or pensions.
    • The upfront money that the veterans received came from investors who were typically promised an annual return of 6.5% to 8%, according to Sherri Lydon, the U.S. attorney for South Carolina.
    • Documents obtained by the FBI show that 300 sales agents across the nation received commissions from Future Income Payments after their clients invested in the company, according to court records. Some of the agents were paid over $1 million in commissions in a given year.
      • The same documents revealed that 2,600 people who invested in Future Income Payments lost more than $451 million.
  • 2018 0723 - WSJ - Private Pension Product, Sold by Felon, Wipes Investors Out: Investors accuse Future Income Payments of taking them for more than $100 million, By Jean Eaglesham - [link]
  • 2019 0206 - Arizona Department of Financial Institutions vs Future Income Payments (FIP) - No. 19F-BD0052-SBD

    • Order to Cease and Desist; Notice of Opportunity for Hearing; Consent to Entry of Order - 14p

  • 2019 - LC - USA v. Scott A. Kohn - 6:19-cr-239
  • 2019 - LC - Bureau of Consumer Financial Protection - 6:19-cv-02950 
  • 2019 1219 - Greenville News - Judge refuses to throw out confession of businessman charged in military benefits scheme exposed in Indebted - VIDEO, by Kirk Brown - [link]
  • 2021 - LC - Dolores Stegelin, Wayne Gugel, and Anne H. Rack, Plaintiffs, v. Pacific Life Insurance Company, Defendant. - Civil Action 3:21-cv-01444-BHH
  • 2019 - LC  -
    • Plaintiffs: Robert Ayers, Paul Barkal, Susan Barkal, Gloria Bennett, Kurt Blaettler, Vandy Kim, Glenn Kornett, Gudrun Kornett, David Larson, Lucye Larson, Florence Lince, Mike Lince, Michael McGraw, Diane Bernat, and William Schaidle, Plaintiffs
    • Defendants: Chris Dixon, Black Harbor Wealth Management, LLC, Samuel J. Dixon, Faw Casson & Co., LLP, ShurWest LLC, MJSM Financial, LLC, Melanie SchulzeMiller, Minnesota Life Insurance Company, and Pacific Life Insurance Company, Defendants. 
    • South Carolina
    • 6:19-cv-01112
    • http://www.receiverkohnfip.com/content/pleadings/287/36.2--Ayers-v-Dixon-Complaint.pdf
    • 36-2 - 6:19-cv-01112 - Summons - Jury Trial Demanded -  34p
  • 2018 - LC - KOLETTE A. PAGE and CLETUS M. PAGE, individually and on behalf of their individual retirement accounts, Plaintiffs, v. MINNESOTA LIFE INSURANCE COMPANY, a Minnesota corporation; SHURWEST HOLDING COMPANY, INC., an Arizona corporation; SHURWEST, LLC, an Arizona limited liability company; HAPPY STATE BANK & TRUST COMPANY dba GOLDSTAR TRUST COMPANY, a Texas business entity (corporate status unknown); FUTURE INCOME PAYMENTS, LLC, a Delaware limited liability company; CMAM, INC. dba HERITAGE FINANCIAL SERVICES, a California corporation; ALBERT ANDREW MANFRE, an individual; JEANETTE MANFRE, an individual; MATTHEW LEE BIESER, an individual; and DOES 1-10, inclusive, Defendants
    • 2018 0709 - LC - Page v FIP - 8:18-cv-01208 Document 1 - Complaint - 41p
  • 2018 - LC - ELIZABETH BURGESS v EDWARD STORER, EDWARD STORER & 7 ASSOCIATES, and FINANCIAL GRAVITY WEALTH
    • CASE NO. 2018-CP-23-04197
    • Edward Storer - Deposition - 30p
  • 2019 - LC - 19-073 - In Re: Receiver for Scott A. Kohn and Future Income Payments No. 6:19-cv-01112-BHH