Atlanta wealth adviser defrauded investors, federal agency says

2:14 pm Jul. 20, 2017

How do you get wealthy? Atlanta resident Arthur Toole III said he knew the way. His burning desire, his website says, is to “destroy the barriers between you and your wealth.”

What he destroyed, a federal agency says, were investments by people who followed his advice. They are out more than $293,000, the Commodity Futures Trading Commission said Thursday.

Through his companies Billionaire Investor Group, The Toole Group and Catalyst

Used car dealers didn’t warn buyers about possible safety recalls, FTC says

7:30 am Apr. 1, 2017

In selling used cars, CarMax, Georgia-based Asbury Automotive Group and West-Herr Automotive Group advertised how rigorously they inspected them.

But the dealers didn’t adequately disclose that some of the cars needed repairs because of safety recalls, the Federal Trade Commission charged.

On Friday, the three companies were ordered to mail notices to customers to let them know that vehicles they bought as far back as July 1, 2013,

Georgians on the hook for failure of long-term care insurance firm

7:00 am Mar. 21, 2017

A massive insurance company failure could cost Georgia millions of dollars. What’s more, some of the 2,000 Georgia residents who purchased long-term care insurance from the company could eventually be left without enough money to pay nursing home bills.

Penn Treaty Network Insurance Company and its subsidiary American Network Insurance Company are short nearly $4 billion needed to cover promised long-term care insurance benefits to policyholders nationwide. Plans to salvage