Life Settlement - Compliance News
Mutual Benefits’ Lombardi gets 20-year term
Peter Lombardi, the former president of Mutual Benefits, was sentenced to 20 years in federal prison today for his role in defrauding some 28,000 investors out of nearly $1 billion.
DLJ Merchant Banking Partners Announces Completion of Acquisition of Peach Holdings, Inc.
DLJ Merchant Banking Partners (“DLJMB”) today announced that its affiliate Orchard Acquisition Company has completed its acquisition of Peach Holdings, Inc. (AIM: PSF), the parent company of Peachtree Settlement Funding (“Peachtree”), in a cash merger at £3.85 per share. Orchard Acquisition Company is a newly formed company owned by an investor group led by DLJMB, which also includes the senior management of Peach Holdings, Credit Suisse, LLR Partners and Greenhill Capital Partners.
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