June 7, 2024 – Former agents have informed Viceroy of several agents who continue to work for American Income Life subsequent to for-cause termination, writing fraudulent policies, or fraudulently recruiting agents. This includes agents who stand accused of multiple sexual assaults from multiple sources, an
June 6, 2024 – Viceroy’s unanswered inquiries to Arbor and the sell-side about its commercial ties to BBG & Meridian have been answered thanks to vetted whistleblowers and confirmed by multiple industry sources. Viceroy understands from whistleblowers that Freddie Mac’s restricted vendor status on appraiser
June 5, 2024 – On May 14, 2024, Arbor Realty trust moved to foreclose on Park North Apartments in Houston. This is a non-CLO property; therefore we have no visibility into how this loan has performed to date. Given it is foreclosing: probably not good.
May 31, 2024 – Globe Life’s largest insurance subsidiary AIL, and its agencies continue to lie to consumers. A Viceroy investigation has found several current AIL marketing materials contain an AM Best “A+” Financial Stability Ranking (FSR). AIL was downgraded from “A+” on July 17,
May 28, 2024 – The DOJ have filed an objection to MPW’s Debtor-in-Possession financing terms for Steward Health Care. They cite the terms are unfair and force the sale of Stewardship, without regard for antitrust procedures, in reference to its sale of of Stewardship, Steward’s
May 28, 2024 – Arbor has modified loans against 127 properties in its CLO to May 2024. In its Q1 2024 earnings call, Arbor CEO Ivan Kaufman claimed that “Fresh capital [is] brought to the table in every one of these deals”. Viceroy reached out
May 23, 2024 – Viceroy’s deep-dive research into SEC and NAIC filings has found how Globe Life, through financial shenanigans and a full financial guarantee, have transformed AIL’s agent loan receivable balances into short-term investments on Liberty National’s balance sheet. Globe Life and Liberty National
May 16, 2024 –Globe Life appears to be the target of an SEC investigation, per a withheld FOIA response from the SEC. The response, pertaining to a request submitted by Viceroy associates to the SEC, was withheld due to Exemption 7(A), which “protects from disclosure
May 16, 2024 – Arbor’s underlying CLO performance data for May is now live. 38% of Arbor’s CLO loans are now delinquent and/or modified. Arbor has modified loans against 11 properties in the last month. These modifications substantially comprise of capitalization of interest, “temporary” rate
May 15, 2024 – Viceroy have obtained redacted settlement documents from a case between the National Labor Relations Board (NLRB) and American Income Life. While heavily redacted, the documents clearly concern the pseudo-compulsory membership of its agents to OPIEU Local 277. The charges filed against
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