update on Illinois Funeral Directors Lawsuits-YourFuneralGuy

19 May
FUNERAL DIRECTORS ASSOCIATION IN ILLINOIS LOST 59 Million

FUNERAL DIRECTORS ASSOCIATION IN ILLINOIS LOST 59 Million

The Illinois Funeral Directors Association Lost 59+ million Dollars in a  Preneed Trust Ponzi Scheme. There are three lawsuits in this matter. Here is an update on the status of the Lawsuits from the IFDA’s perspective.

Last week the Executive director of the IFDA spoke up on the Illinois Funeral Directors Association Lawsuits.Duane Marsh Executive Director of the IFDA said that in the class action Lawsuit against the IFDA  by two women there is a motion to dismiss, he has been saying this for several weeks now.

In the Six Funeral Directors Lawsuit led bt Calvert Funeral Homes, Marsh said that negotiations are proceeding but going slowly.

In the Insurer lawsuit Marsh stated that in the Insurers lawsuit a brief has been filed. The Insurer of the Illinois Funeral Directors Association is seeking not to pay damages or legal fees in the Illinois Funeral Directors Association Lawsuits because of policy non compliance by th IFDA. Marsh also made a  Statement  on Comptroller of  the State of Illinois Dan Hynes.

Summary:

The Illinois Comptroller has demanded that the IFDA return to the IFDA Preneed Trust 10 million dollars in misappropriated Management Fees.

What all this means is there will be no LEGAL RESOLUTIONS to THE IFDA PRENEED PONZI SCHEME SOON.

This means there will be no immediate changes  Illinois Funeral Directors or Consumers Soon.

Funeral Industry|Funeral Industry Blog by Your Funeral Guy

Source: E- Mail from the IFDA, Executive Directors Statement.

Image-Source e-mail from IFDA

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