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Pair to Stand Trial in Oklahoma for Inflating Insurance Company Assets

Texas / South Central News • October 2, 2008
Two Texas men accused of inflating assets in a scheme to dupe regulators regarding the solvency of their insurance company will stand trial in Oklahoma, state Attorney General Drew Edmondson ...

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Subject: Like They Didn't Know

Posted On: October 3, 2008, 12:09 pm CDT
Posted By: Steven Goss
Comment:
Funny how much they love to cover up the real story when it was a former Assistant Oklahoma Attorney General and former Deputy Insurance Commissioner and now prominent donor and insurance attorney that set up the purchase of Top Flight to Rodney Williams and Jimmy Wolff while they were being investigated and later fined $110,000 by the Arizona Insurance Department. The ODI Analyst Neva Moydell knew in 2003, via her letters to them, they couldn't falsely report purchases and amounts to stay in compliance. Yet, they want to claim in court documents the State of Oklahoma was duped until 2005? What the Attorney General won't comment on is how or why the Oklahoma Department of Insurance allowed these two same guys to set up an MGA, Source General Agency, run it without an MGA license for over three years, run it with a resident Oklahoma producer's license from the State of Texas and why they allowed them to build 8 duplexes while encumbering Top Flight cash, transfer these properties 4 and 5 times to owned/controlled affiliates of their own, then back into their names personally. Any doubt they obtained over $1.2 million in loans under Rodney A. Williams individually and the properties all went into foreclosure costing Fannie Mae and Freddie Mac? You won't find why Insurance Commissioner Holland failed to tell the Receivership Court about any of this, you wont' find where they allowed these guys to keep all the mineral rights from these properties and still reaping the rewards from these properties, nor will you find an answer why she was personally calling their attorney, telling her she thought they had been "playing games" with the real estate and there never was any money behind the company. You won't find any of it because they utilized two illegal state employees to obtain illegal licenses before they even had their trade name secured with the Secretary of State. Why not actually investigate something rather than to continue to be a source to futher their schemes and agendas of what the laws should be, as they want them to be, only when they want them to be. I dare you or anyone else to arrange a public meeting or debate on this issue and I will come armed with over 10,000 pages of documents, memos, emails and tax returns of these companies and I will prove every allegation any time, any where.
Subject Posted By Posted On
RE: Like They Didn't Know C. Garrett
Dec 27, 2008, 5:42 pm
Like They Didn't Know Steven Goss
Oct 3, 2008, 12:09 pm
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