Federal Jury Awards $491M in Trial over Funeral Scheme

June 24, 2015 Hastings and Hastings
In St. Louis a federal jury awarded $491 million in damages for a failed prepaid funeral scheme that is not unlike a Ponzi scheme. The company, National Prearranged Services Inc. (NPS) was siphoning money that was supposed to be held in a trust. Those individuals in charge, including trustee Allegiant Bank, allowed officers of...
Read More