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A federal decide in Tampa, Florida, has accepted prosecutors’ suggestion that he require Phillip Roy Wasserman, a person who as soon as promoted himself because the “annuity king,” to forfeit $6,318,300 in money or different property.
U.S. District Choose Charlene Edwards Honeywell granted the prosecutors’ movement for the forfeiture order Wednesday.
In Might 2023, a jury in Tampa discovered Wasserman responsible of 5 counts of wire fraud, three counts of mail fraud and one depend of conspiracy to commit wire fraud and mail fraud.
Wasserman is an legal professional who ran Phillip Roy Monetary Providers in Florida from 1990 via 2010 after which began American Tax & Annuity Advisors in 2010. He wrote a ebook about annuities and was energetic in efforts to have non-variable listed annuities excluded from the definition of “safety.”
Round 2016, Wasserman and an accountant, Kenneth Rossman, began FastLife, a web-based life, well being and annuity lead-generation web site that finally failed.
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