I have just learned of a November 30, 2009 letter to A&O Life investors from the U.S. Postal Inspection Service that states that it, along with the FBI and IRS, are investigating A&O for mail fraud. It’s about time!
Here is a copy of the letter and questionnaire.
I cannot wait to see where the federal investigation goes. For people who don’t know, federal investigations are serious business. Federal investigators and prosecutors are usually smart, talented and tenacious in their prosecutions. In addition, they are backed by the resources of the United States government. The vast majority of federal targets are convicted.
I do not expect A&O wrongdoers to escape prosecution or convictions.