Citizens Inc: Former Senior Executives Describe Fraud, Lies, and ‘The Irish Solution’

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In March 2017, we released a research report explaining our opinion why Citizens Inc.'s business model is analogous to a Ponzi Scheme.  The company uses a network of brokers to prey on unsophisticated foreign families and retirees with false promises of illusory “guaranteed returns” from insurance policies purportedly secured by U.S. Treasury bonds.  But the money from policyholders is funneled in… Read More

CIA: An Egregious Stock Scheme

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Para leer el informe en espanol haga clic aquí (Citizens y CICA Life: Una Estratagia de Acciones Atroz) Research Summary Citizens Inc. (NYSE:CIA) uses a network of unregulated brokers to sell complex life insurance policies to foreign retail investors and retirees. The policies are sold through promises of outsized “guaranteed” returns backed by U.S. Treasury bonds. However, the money is not… Read More