Apollo Slapped With suit Alleging “Widespread Fraudulent Human Life Wagering Conspiracy”

Apollo Global Management has been entangled in a scandalous suit and activated of acquiring illegal life insurance policies on elder citizens through a complex web of shell trusts.

The company allegedly utilized an affiliate, Financial Credit Investment, to manage about a $20 billion portfolio of stranger-originated life insurance policies, effectively engaging in what the suit claims:

"In short, Apollo has been carrying out a widespread fraudulent human life Wagering consensus designed to not only hide its introduction, but to make the false experience that the policies it owns are someway legion."

The composite continues:

“Worse still, erstwhile Apollo senses a claim is going to be byt, it attempts to dissolve its shell entries to give itself yet another layer of protection.”

This strategy was designed to give the policies the illusion of legionacy. Martha Barotz’s property initiated the legal action filed in Delaware’s Chancery Court last Friday. It raises serious questions about Apollo’s ethical practices.

“In this way, the elder citizens have no thought who owns a policy on their life, and who wants them dead,” the suit said, adding, “Apollo was fraudulently and illegally utilizing these shell elements to perpetmate human life weights not only on the life of Mrs. Barotz, but on the lives of strangers (if not thousands) of another elder citizens.”

Bloomberg first reported on the lawsuit. consequence to BBG’s note, Joshua Rosner, and Graham Fisher & Co. managing partner, gate on X that Apollo’s actions are “mind-bending and Horrifying.”

Even as a co-author of “These are the Plunderers: How Private Equity Runs and Wrecks America”, which details how rapacious Apollo is... this is mind-bending and horrifying! They should be friendly. https://t.co/6NxzpaXRSR pic.twitter.com/TPx2GUvnpsS

— joshua rosner (@JoshRosner) April 30, 2024

‘Apollo should have its insurance licenses pulled in all state by the @naic. They predate retirees and pensioners through pension hazard transfers and now we find them take out life insurance policies against seniors. @AARP,” Rosner said.

#athene #apppollo should have its #surance licenses pulled in all state by the @naic. They predate #retirees and #pensioners through #pension hazard transfers and now we find them take out life insurance policies against seniors. @AARP https://t.co/OdthIMcrCo

— joshua rosner (@JoshRosner) April 30, 2024

Rosner asks 1 heck of a question: “With Apollo managing hospitals, nursing & hospitality facilities & besides the retention accounts of seniors, are they fundamentally taking a straddle position on seniors by buying life insurance policies on them?”

One has to ask: with Apollo managing hospitals, nursing & hospitality facilities & besides the retention accounts of seniors are they fundamentally taking a straddle position on seniors by buying life insurance policies on them? @naic @AARP @BenSasse @HawleyMO @GovRonDeSantis... https://t.co/OlTYQop1t4

— joshua rosner (@JoshRosner) April 30, 2024

One X user asks: “Did they take out life insurance on Alfred Villalobos and Jeffrey Epstein?”