Apollo Global Management - Acquiring Illegal Life Insurance

Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funnelling the payouts through shell entities. The private equity giant allegedly set up a web of sham trusts – using a secretive affiliate called Financial Credit Investment – to hold a portfolio of stranger-originated life insurance policies worth US$20bil.

Insurable Interest - Taking out life insurance on a stranger is “anathema to hundreds of years of public policy” and a violation of the Delaware Constitution. Apollo has been carrying out a widespread fraudulent human life wagering conspiracy designed to not only hide its involvement, but to create the false appearance that the policies it owns are somehow legitimate.

The lawsuit was filed April 26 in Delaware’s Chancery Court by the estate of Martha Barotz, whose policy allegedly paid out US$5mil after she died in 2018. The case stems from earlier litigation between the Barotz estate and the Apollo-linked trusts, along with the estate’s subsequent attempts to collect on the nearly US$7mil judgement it won.