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Betting on death is a risky business. Dudley Baker learned that the hard way. In 1997, he invested $50,000 in viaticals -- discounted life policies -- through Maynard Weinberg, on four men terminally ill with AIDS. But the men are still alive. Now Baker, along with the Florida attorney general's office, has sued Weinberg for fraudulent inducement, based on the financial adviser's promise of huge, fast profits.
January 17, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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