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Apollo Faces Fraudulent Life Insurance Allegations
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Apollo Global Management is embroiled in a lawsuit accusing them of acquiring illegal life insurance policies on senior citizens through shell trusts. The lawsuit alleges a fraudulent human life wagering conspiracy involving a $20 billion portfolio managed by an affiliate.
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How might this lawsuit affect Apollo Global Management's reputation and future business operations?
What ethical responsibilities do financial institutions have when engaging in complex financial transactions involving vulnerable populations?
What regulatory measures could be implemented to prevent similar fraudulent schemes in the insurance industry?
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