May 14, 2024 – Below is the letter sent by Viceroy to Arbor’s auditor Robert Hatch detailing the fraudulent related party transaction detailed in our previous report wherein Arbor financed purchases of assets from its own foreclosures with Arbor loans, via off-balance sheet entities run
May 13, 2024 – Viceroy have hosted over 150GB of Globe Life materials at the link below: Globe Life data room These documents include underwriting materals, sales scripts, agent training materials, agent incentive materials and union relation materials. This represents some, but not all the
May 10, 2024 – On April 29, 2024, immediately prior to publication of Viceroy’s first report on Globe Life, The Main Course, the Insurance Department of Pennsylvania issued a Consent Order that AIL agent Jenna Grula submitted thirteen fraudulent life insurance application, of which 3
May 9, 2024 – Viceroy Research today bestows the F-word upon Arbor and its management team: “fraud”. Viceroy’s investigations have discovered an elaborate and intentional con, where Arbor has financed purchases of assets from its own foreclosures, with Arbor loans, via off-balance sheet entities run
May 3, 2024 – Below is Yale New Haven Health’s complaint against Prospect Medical Holdings in relation to the (now dubious) purchase of the Connecticut hospitals. No doubt this is not the news Medical Properties Trust was hoping for given their expectation of a ~$350m
May 1, 2024 – In 1980 the Select Committee on Aging conducted an investigation into “Dread Disease Insurance” and the questionable practices in the sale of health insurance to the elderly, which began in 1978. The committee found that “policies were sold with the rationale
April 30, 2024 – Viceroy Research is short Globe Life (NYSE:GL) following an extensive investigation of the company and its subsidiary American Income Life (AIL). We tip our hat to Fuzzy Panda, who produced a solid report outlining the extent of fraud at Globe Life.
April 17, 2024 – Arbor’s underlying CLO performance data for April is now live. 37 of Arbor’s CLO loans are nlow delinquent, representing 11% of its CLO book.To superficially achieve this remarkable “rehabilitation” feat: Arbor has modified 56 loans in the past month. These modifications
April 16, 2024 – Below is the letter sent by US Senators Elizabeth Warren and Edward J. Markey to MPW and Macquarie. In their words (emphasis ours): “According to MPT disclosures, these loans “help safeguard the value of MPT’s real estate.” Meanwhile, these investments have
April 2, 2024 – Below is Cerberus Capital Management’s letter to the US Congress regarding its role in the ongoing collapse of MPW’s largest tenant Steward Health Care. It includes an admission of Steward’s involvement in 3 hospitals in Malta that was later found to
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