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Police Officers File Suit Against Metropolitan Life Insurance Company Alleging Fraud in the Sale of Life Insurance.



TAMPA, Fla., April 21 /PRNewswire/ -- Present and former police officers of the Cohoes, New York Cohoes is a city located at the northeast corner of Albany County, New York, USA. It is called the "Spindle City" because of the importance of textile production to its growth. As of the 2000 census, the city population was 15,521.  Police Department and various members of the officers' families, have filed a lawsuit against Metropolitan Life Insurance Company alleging fraud and other acts of deception in the sale of life insurance.

The lawsuit was filed in Supreme Court in Albany, New York For other uses, see Albany.
Albany is the capital of the State of New York and the county seat of Albany County. Albany lies 136 miles (219 km) north of New York City, and slightly to the south of the juncture of the Mohawk and Hudson Rivers.
, on April 20, 1999. The complaint alleges that the policyholders were defrauded by Metropolitan Life Insurance Company when they were misled into purchasing life insurance through representations that the policies would only require payment of premiums for a certain number of years before the policies would be paid up and would not require the payment of any additional premiums. This scheme is commonly known as the "vanishing premium" scheme. The complaint alleges that Metropolitan Life Insurance Company engaged in this scheme on a nationwide level to defraud its policyholders.

The Plaintiffs who have sued Metropolitan Life Insurance Company are Leonard N. Bowen, John DeMio, William M. Dippo, William F. Doty, Sr., Brenda Enfield, Kenneth F. Enfield, Gary Ethier, Lisa Ethier, Michael Fonda, Tia Grugan, Paul J. Iachetta, Theresa Iachetta, Kevin J. Keeler, Paul A. Kubik, Carol Meaker, James A. Meaker, Charles C. Miranda, Beverly A. Cook, Robert J. Peplowksi, Anthony Pucci, James P. Young and Raymond W. Heslin, Sr., the Chief of Police of the Cohoes Police Department.

John Yanchunis, an attorney with the Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation).
Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6.
 law firm of James, Hoyer, Newcomer, Forizs & Smiljanich, P.A., stated that "the claims which are the subject of this suit are similar to those which are presently the subject of investigation by insurance regulators of several states, including New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
." Yanchunis said that Metropolitan Life Insurance Company is under investigation by insurance regulators of several states, including New York. Mr. Yanchunis stated that as recently as 1998, Metropolitan Life Insurance Company paid a fine of $800,000 and agreed to make restitution to policyholders in Connecticut who were defrauded through churning and vanishing premium sales schemes. Mr. Yanchunis stated further, "while the police officers were protecting the community of Cohoes, no one was protecting the police officers from Metropolitan Life Insurance Company."

The law firm of James, Hoyer, Newcomer, Forizs & Smiljanich, P.A. is based in Tampa and has an office in St. Petersburg. The law firm maintains a litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 practice specializing in consumer fraud, qui tams, and class actions.
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Publication:PR Newswire
Geographic Code:1U2NY
Date:Apr 21, 1999
Words:394
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