Through a Freedom of Information Act filing, it was discovered that the VA was in a handshake deal since 1999 when "Prudential has used so-called retained-asset accounts, which allow the company to withhold lump-sum payments due to survivors and earn investment income on the money for itself."
More, in detail, and outrageous here. {Bloomberg}
Shameless scum.
Posted by: borisjimbo | September 20, 2010 at 12:47 AM