LAWSUIT OVER LIFE SETTLEMENTS -- Coventry First , one of the largest purchasers of life settlements -- arrangements where investors buy life insurance policies owned by the elderly and ill , hoping to earn when sellers ' demise -- was sued by the New York attorney general , Eliot Spitzer , who accused the company of bid-rigging and other types of fraud in acquiring more than $ 3.6 billion worth of life insurance policies .
Eliot Spitzer /business/person/company New York
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Eliot Spitzer
PERSON
New York
LOCATION
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