“Newspaper reveals More Details on NFDA Secretary ‘Earl’-yourfuneralguy

12 Apr

A Springfield, IL newspaper revealed some detais on the Funeral Ponzi scheme in Illinois this week. The IFDA scandal connects back to the National Funeral Directors Association.

A Springfield, IL newspaper revealed some detais on the Funeral Ponzi scheme in Illinois this week. The IFDA scandal connects back to the National Funeral Directors Association.

A Springfield  Newspaper this week revealed more specific connections for NFDA Executive Board  an member, Randall L. Earl  to a funeral ponzi scheme in Illinois.

This is why he should resign:The Illinois Funeral Director’s Association lost 59 Million in an alleged Ponzi Scheme Earl has a strong connection to the Scandal.  Randall L Earl is on the board of the NFDA. The NFDA is the place of  integrity for the word Funeral. If  Earl does not resign or be asked to step down, the funeral profession will end up in a deeper hole.

Specifically Earl was President of the IFDA in 2001 when the IFDA had a 10.6 million dollar deficit. He needs to answer some questions on that, how did it happen and why? Why were payouts made out on trust policies when there  was such a deficit in the trust fund?

According to the statement  below from the Springfield Newspaper the State Journal Register, Earl as leader of the IFDA was suppose to inform consumers that the Trust was funded by Insurance under Illinois law.  There is no record that Earl did this.

“While the trust fund generated millions of dollars in commissions and management fees for the IFDA, consumers who bought funeral contracts got none of the earnings and had nothing to gain from investing money in high-risk/high-reward instruments, the state says. Under state law, consumers must be told if money from pre-need contracts is invested in life insurance, but neither Schainker nor the IFDA made required notifications, according to the state.”

There is no record of Randall L Earl  Executive Secretary of the NFDA  complying with the law. He needs to resign. If he does not the CEO of the National Funeral Directors Association needs to ask him to step down. This should happen even if there is no criminality.

Funeral  Industry| Funeral Blog by Your Funeral Guy

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