Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Life Settlements Forum

Reply to New zero premium life insurance policy/life settlements     
Old 06-14-2013, 01:19 PM   #1711
New Member
 
Join Date: Nov 2011
Posts:7
State: OlBallCoach is an Insurance Agent from Undisclosed Location
New zero premium life insurance policy/life settlements Re: New zero premium life insurance policy/life settlements
Thanks for that.

So, tl;dr version, after the failed zero premium life insurance scam, Alireza Shahrak created a company called Azin Petroleum Group and had Miracle Insurance and Financial Group - also his d/b/a - insure a multimillion sale to a Turkish industrial oil concern. The Turkish company wired over $700,000 to Ali as a 25 percent deposit on goods to be received. Of course, the goods never existed in the first place and Azin defaulted on the sale. Miracle, ostensibly the guarantor of the sale, defaulted on its responsibility to pay 110 percent of the deposit when Azin defaulted.

Ali's sole defense for his fraud was that no North Carolinians were affected by his actions. The Court was not amused, and his insurance license was summarily revoked.

Sounds like quite a guy!
------------------------------------
  Reply With Quote to New zero premium life insurance policy/life settlements

Old 12-29-2014, 04:31 AM   #1712
New Member
 
Join Date: Aug 2008
Posts:4
State: suit is an Insurance Agent from Undisclosed Location
New zero premium life insurance policy/life settlements Re: New zero premium life insurance policy/life settlements
So anyone want to know the truth about miracle... From someone in the passenger seat of the prius ali's daily driver.... Bentley was only for show.

----------

It all started by us making way too much money with the ma plans..... You know that movie wolf of wallstreet... Well thats where we were.... The gentleman's club on yonkers rd. I had 1/3 of the agents. 360 or so... Times were awesome. We had agents all over the country. Ali even had us going to churches to promote ma's. Anyways regulations were getting hot on them so he had to come up with the next best thing. If you want more just ask i wont charge ten dollars.
------------------------------------

Last edited by suit; 12-29-2014 at 04:38 AM.
  Reply With Quote to New zero premium life insurance policy/life settlements
Old 02-22-2017, 07:15 PM   #1713
New Member
 
Join Date: Feb 2017
Posts:2
State: jj68789 is an Insurance Agent from
New zero premium life insurance policy/life settlements Re: New zero premium life insurance policy/life settlements
Insider info:

Actually after Azin received the $700,000 from the Turkey company, they sent the money to Russia as downpayment to buy the M100 oil. The M100 never happen and the Russian company disappeared. Azin filed law suit in Russia court and the case is still pending. Azin is not at fault as a commodity brokerage firm in this case. Lessons learned, Azin never charged any upfront fees after that.

As for Miracle, more than 1000 agents had multi Million charge backs. However, agents are gone and never paid the money back. As a result, Ali has to write $,$$$,$$$ checks to different carriers and eat the charge backs himself. Ali wanted to help agents so loan money to them, but agents never paid the money back( Majority agents are high school diploma, what you can expect!).

He had more than 5000 agents in the nation. If agents is not productive and didn't make any money, they post things online and mud the company and the owner. Ali is not dollar, and can not make everyone happy.

But Ali has helped thousands of agents as well as their families. He is godly and fair, that is why so many people followed him. He also donated to a gym, went to church every week and donate $$$$$ to the church each year. Bad buy would not do something like that.

Ali's office always there and never moved. If he has done something bad, his office and his company should disappeared long time ago already as it's a small world.
------------------------------------

Last edited by jj68789; 04-12-2017 at 08:15 PM.
  Reply With Quote to New zero premium life insurance policy/life settlements
Reply to New zero premium life insurance policy/life settlements 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Life Settlements Forum


Tags
life insurance, life settlement




Similar Threads with New zero premium life insurance policy/life settlements
Thread Thread Starter Forum Replies Last Post
Is anyone going to the Convention (National Agents Alliance) (NAA dvd493 Life Insurance Forum 1591 11-17-2016 10:24 AM
Single Premium Whole Life Marketing Strategies JustinRoehm Life Insurance Forum 6 06-13-2013 11:57 PM
The 9 Most Useful Life Insurance Riders DHK Life Insurance Forum 32 12-25-2012 10:54 AM
Final Expense Leads atlantainsguy Final Expense Forum 71 10-09-2012 09:52 AM
Liberty Life (RBC's Life Insurance Division) Being Sold souldeux Life Insurance Forum 2 05-15-2012 08:25 AM
How to Find Life Insurance Settlement Brokers and Agents ? ExtendedDB Life Settlements Forum 19 04-11-2011 05:26 PM
Is this enough ammo? on1sony General Insurance Agent Discussions 19 01-07-2011 07:41 PM
Bonded Life Settlements Evets Life Settlements Forum 4 06-09-2009 06:50 AM



All times are GMT -5. The time now is 06:10 PM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
Nothing - No ACA fixes - status quo
29.82 %
HHS Rulings and band aid bills
17.54 %
Hail Mary repeal and/or replace bill
17.54 %
A bipartisan bill to fix ACA
35.09 %

Voters: 57. This poll is closed