Did You Lose Money in Inspired Healthcare Capital?
Inspired Healthcare Capital's bankruptcy filings raise serious questions about whether brokers missed, ignored, or never adequately investigated red flags.
Inspired Healthcare Capital's bankruptcy filings raise serious questions about whether brokers missed, ignored, or never adequately investigated red flags.
Nearly 27,000 retail investors who are owed approximately $1.6 billion were the last to find out about GWG Holdings, Inc.’s serious financial troubles.
The official Committee of Bondholders of GWG Holdings Inc. has filed a legal motion in GWG’s chapter 11 case in support of L Bond investors and listing several serious allegations against GWG.
As GWG Holdings continues to struggle, investors are left holding the bag on millions of dollars of its failed L bonds. Many of those investors should never have been invested in the risky bonds in the first place.
GWG L bond investors are facing significant losses as GWG Holdings navigates both bankruptcy and class action lawsuits. Despite the bonds offering high interest dividends, the GWG L Bonds were poorly secured, unlisted and unsellable once purchased, while also being aggressively auto-renewed. This combination of high risk and illiquidity should have meant that they [...]