The problem with settling preneed fraud in Court is that it may take years before justice is served.
The Class Action Lawsuit against the Illinois Funeral Directors Association will be moving in forward in the next several days and the next several months.
THE PROBLEM WITH SETTLING THIS MATTER IN THE COURTS IS THAT IT TAKES YEARS FOR THE PERPETRATORS OF PRENEED SCAMS(IFDA LEADERS) TO BE BROUGHT TO JUSTICE>
Merrill Lynch can still be investigated for it’s role in the mess. The Comptroller’s Agreement is now null and void-and another agreement between Merrill Lynch and the Illinois Department of Insurance may be Null and void as well. Merrill Lynch may have to pay for it’s role in the IFDA Preneed TrustPonzi Scheme. The Judge in the IFDA Lawsuit has in instructed the 6 Illinois Funeral Directors led by Calvert Funeral Homes to file an amended complaint by March 24th 2009
The defendants the IFDA and it’s leaders must file a response to the complaint by April 21st, 2010.
There will be a status hearing on this matter On May 5th, 2010.
Funeral Industry|FuneralNews|Funeral Blog by Your Funeral guy Funeral Director, Illinois and Virginia.
