Fresh customer fraud allegations against Globe Life [Business Insider]
Globe Life Inc. (GL)
Last globe life inc. earnings: 4/22 04:10 pm
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Source: Business Insider
A former manager said a colleague taught her how to write policies using fake information. An Ohio customer alleges five years of bank withdrawals by AIL for a policy she knew nothing about. Embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. The charges appear in a new 109-page report from Viceroy Research, the third scathing short-seller report on Globe this month. Short-sellers make money when their research drives down a company's stock price. The report, released today, builds on previous allegations of customer fraud. It cites a document from a Texas sales agency that advises agents to "sell cancer," describes high levels of churn among both agents and policyholders, and reveals a regulatory action against a former AIL agent who had issued fraudulent policies. The document speculates that AIL might be forced to reclassify its 1099 contract workers — constituting nea
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News
- Investors in Globe Life Inc. f/k/a Torchmark Corporation Should Contact Levi & Korsinsky Before July 1, 2024 to Discuss Your Rights - GLAccesswire
- ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Globe Life Inc. f/k/a Torchmark Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – GLGlobeNewswire
- Globe Life Inc. f/k/a Torchmark Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before July 1, 2024 to Discuss Your Rights - GLAccesswire
- Class Action Filed Against Globe Life Inc. f/k/a Torchmark Corporation (GL) Seeking Recovery for Investors - Contact Levi & KorsinskyAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Globe Life Inc. - GLGlobeNewswire
GL
Earnings
- 4/22/24 - Miss
GL
Sec Filings
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- 5/8/24 - Form 10-Q
- GL's page on the SEC website