ATTENTION NUTMEG BENEFIT TRUST INVESTORS
Have you or your company been damaged by unauthorized withdrawals or loans against life insurance policies in which you are the insured?
It has recently been discovered that Michael Millman, Trustee of the Nutmeg Benefit Trust and Nutmeg Benefit Group, LLC, may have made withdrawals or loans from life insurance policies of the Trust. The purpose of the loans is presently unknown. However, as a result of the withdrawals or loans, the beneficiaries of the Trust may have been substantially damaged. These damages include loss of your investment and potential tax consequences.
The Trustees of Nutmeg Benefit Trust owed a fiduciary duty to the beneficiaries of the Trust to act in their best interest. A person who violates the fiduciary duty may be liable to the beneficiaries for all damages naturally flowing as a consequence of the wrongful acts.
Damages include the loss of the investment, possible tax liability incurred by the beneficiaries that would not have otherwise been owed but for the unauthorized withdrawal or loan, penalties and interest on the taxes. In certain situations the Court may award “treble” (triple) damages and attorneys’ fees.
If you believe you have had unauthorized withdrawals or loans taken from your life insurance policy, please contact Frier & Levitt, LLC for a free initial consultation. Depending on the size of your loss, we may be willing to handle your claim on a contingency fee.
WHO IS FRIER & LEVITT AND WHAT CAN FRIER & LEVITT DO TO HELP ME?
Frier & Levitt, LLC is a law firm that successfully represents investors in individual and class action lawsuits and arbitrations in the Federal and State Courts, including New York and New Jersey. Frier Levitt has experience handling fraud matters, including Ponzi scheme cases. Jonathan Levitt has appeared on Fox Business new as a Ponzi scheme expert.
At Frier & Levitt, LLC, it is our goal to provide you with superior legal representation and personal attention. Upon engaging us, we will immediately devise and begin to implement the most expeditious and cost-effective strategy to get back your hard-earned dollars. We will keep you informed every step of the way as we work together to achieve success.
While Frier & Levitt, LLC is based in Northern New Jersey and New York, our experienced attorneys are licensed to practice law in multiple jurisdictions throughout the United States. Our New York office is in proximity to the State and Federal Courts.
Frier & Levitt, LLC welcomes the opportunity to serve you.
For more information about a Trustee’s legal duty to members of a Trust, or to discuss how Frier & Levitt, LLC can assist you in obtaining legal relief against Nutmeg Benefit Trust and its Trustees please feel free to call us at (973) 618-1660, or toll-free at (888) LEVITT1 (i.e., 888-538-4881).