Trustee Reports Receipt Of Additional $1.5M In Restitution Funds In SEC Suit

Mealey's (October 19, 2021, 10:58 AM EDT) -- FORT LAUDERDALE, Fla. — A trustee on Oct. 15 submitted a status report regarding the wind down of the Mutual Benefits Keep Policy Trust in a Securities Exchange Commission lawsuit alleging that the defendants fraudulently sold investment interests in life insurance policies, reporting that he has received an additional $1.5 million in restitution funds that will continue to be used to subsidize the administrative fees payable by the fraud victims who hold investments in keep policies....