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Article: Brooke Corp. sued for racketeering
- Article from:
- AP Online
- Article date:
- April 10, 2009
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More than 80 former insurance agents for bankrupt Brooke Corp. have sued the company's lending arm, accusing it of civil racketeering and fraud.
The lawsuit against Overland Park, Kan.-based Aleritas Capital Corp., which was filed Wednesday in federal court in Kansas City, Kan., claims it and Brooke inflated the price of insurance agencies they sold to the plaintiffs around the country and tacked on fees for services they never provided.
A court-appointed special master charged with overseeing Brooke's operations and assets didn't immediately return a phone call for comment Thursday.
The lawsuit says Brooke bought the insurance agencies from third parties and resold ...