Watching Globe Life; Shares Move Lower On Fuzzy Panda Research Report On Co Titled "Globe Life (GL): Executives Disregarded Wide-Ranging "Insurance Fraud" While They Received Millions In Undisclosed Kick-Back Scheme"

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GLOBE LIFE INC

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https://fuzzypandaresearch.com/globe-life-american-income-life-david-zophin-steve-greer/

Uncovered Extensive Allegations of Insurance Fraud
- + Proof Management Knows & Has Not Stopped It
Sales Agencies Known to Have Committed Insurance Fraud Accounted for >$200m of AIL's ALP (>60% of AIL's New Business)
- Wrote Policies for Dead People; Opened Policies for Fictitious People
- Forged Customer Signatures on Policies
- Withdrew Funds from Consumers Bank Accounts without Approval
- Indications of Actuarial Fraud – Faked Tests so Smokers Were Underwritten as Non-Smokers
Growth driven by AIL sales teams with fraud
Allegations of Illegal Kickbacks to Globe Life Executives – Sr. VP & AIL's President of >$65 Million

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