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Sellers of Fraudulent Annuities Ordered to Pay $4.4-Million
An Arizona judge has ordered a Scottsdale company and its two principals to pay $4.4-million in restitution to elderly investors to whom they sold fraudulent charitable gift annuities.
The two -- Michael A. Diaz and Michael A. Maksudian -- failed to appear for a court hearing last month, and arrest warrants were issued charging them with contempt...