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Ponzi Scheme

A class of annuity owners claims in Minnesota state court that Allianz Life Insurance and Imeriti Financial turned a blind eye to their now-imprisoned former financial adviser, who ran a Ponzi scheme and stole over $10 million from retirement-age clients.

MINNEAPOLIS – A class of annuity owners claims in Minnesota state court that Allianz Life Insurance and Imeriti Financial turned a blind eye to their now-imprisoned former financial adviser, who ran a Ponzi scheme and stole over $10 million from retirement-age clients.

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