Elderly couple sue insurer claiming scam

“An elderly couple say a financial consultant talked them out of $585,000 to buy life insurance he promised he could flip for huge profits as part of a “Stranger-Originated Life Insurance” scam. They sued Mesa-based financial adviser Jeff P. Vogan in Pima County Court.
     Lois and Charles O’Brien, 82 and 76, say Vogan targeted them because they are elderly, and persuaded them to “take advantage of their insurability” by buying two $4 million life insurance polices that could be sold to investors for as much as $200,000 in profits at the end of 2 years.”

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