Blackburg Loss Recovery

[...] In July 2006, Harry Stokes’ company, Contemporary Benefits Design, was bought by the national investment firm, National Financial Partners.  At that [...]

[...] for so long?  Most of the victims were initially investors in Stokes’ company, Contemporary Benefits Design.  Around 2006, Stokes began telling his customers that Contemporary Benefits had [...]

[...] victims out of more than $2.4 million.  Stokes created a fictitious investment fund, called Blackburg Fund, and convinced clients to invest.  All the while, Stokes was simply taking their money for [...]

[...] , they received cashier’s checks that Stokes simply claimed were withdrawn from the Blackburg Fund.  Around the same time that Stokes was crafting his Blackburg scheme, he was handling the [...]

[...] In July 2006, Harry Stokes’ company, Contemporary Benefits Design, was bought by the national investment firm, National [...]

[...] Before Harry Stokes took his own life, a lawsuit was filed against him accusing him of bilking friends, retirees [...]

[...] , Stokes became an employee of NFP but continued to manage Contemporary Benefits through a management firm he created.  While employed with NFP and managing Contemporary Benefits, Stokes ran a Ponzi [...]

[...] Design became a subsidiary of NFP, but Stokes continued to run the company through a management firm he created called Contemporary Benefits Management, LLC.  NFP gave Stokes the [...]

[...] duty.  Essentially, NFP wants to be reimbursed for any claims it could be forced to pay Blackburg investors and for its defense costs.  But despite NFP filing a lawsuit for reimbursement for future [...]

[...] in Blackburg and told they would be earning a fixed 5.99% a year.   All of the Blackburg investors received account statements from “Blackburg Financial” that showed impressive [...]

[...] , Contemporary Benefits Design, was bought by the national investment firm, National Financial Partners.  At that time, Stokes became an employee of NFP but continued to manage [...]

[...] scheme, he was handling the sale of Contemporary Benefits Design to a national firm, National Financial Partners of New York.  NFP has affiliates around the world and manages $10 billion in assets.  [...]

Before Harry Stokes took his own life, a lawsuit was filed against him accusing him of bilking friends, retirees and employees out of more than $2.4 m [...]