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Joel Steinger: The Insurance Fraud King of South Florida
Season 1
Episode 54
Published 1 week, 5 days ago
Description
Imagine a world where you can invest in someone else’s mortality—where every check you write is a bet on a stranger’s last breath. In South Florida, that world became reality, and Joel Steinger turned it into a business.Long before federal charges, Joel Steinger was thriving in an ecosystem built for improvisers. South Florida in the nineteen-nineties wasn’t about old-money discipline or Wall Street tradition. It was about speed, speculation, and selling dreams to anyone who wanted a financial edge. This was a place where insurance policies could be traded like stocks, and oversight was often just a rumor. In this landscape, a new idea took root: the viatical settlement. Investors could buy life insurance policies from people facing terminal illness, pay their premiums, and then, someday, collect the full death benefit. In theory, it was a win-win—a way for the dying to get cash, and for investors to pocket the difference. But in practice, it depended on trust, on expertise, and on honest underwriting.Aurelius and Malik take on this case in full — 5 chapters, 30 minutes, one complete story.Learn more at: https://thefraudarchive.com/fraud/joel-steinger
The Fraud Archive Dialogues is part of The Archive Network by Jonkai Ventures. In every episode, curators Aurelius and Malik take one case of fraud,
deception or financial crime and work through it together — one building the account, the other pressing on what it leaves out.
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