Robert Rikard leads a team that has deep experience litigating claims surrounding the sale of IUL policies and Ponzi schemes. His recent success in a trial where he represented a victim of the FIP Ponzi scheme who was advised to buy and Indexed Universal Life policy as an investment highlights his experience and track records in recovering for victims like those in the Drive Ponzi Scheme.

The verdict in Shelstad v. Pacific Life centered around the misrepresentation of an Indexed Universal Life (IUL) policy, where the plaintiff was misled into believing the IUL was a secure retirement investment. In both this case and the Drive Planning Ponzi scheme, investors were sold fraudulent financial products with promises of high returns while being misled about the risks.

In Shelstad, Robert Rikard and his team successfully proved Pacific Life’s role in misleading investors, resulting in a $1.5 million dollar jury verdict. Similarly, Drive Planning used IUL policies and other fraudulent instruments to attract investors, promising them high returns in what turned out to be a Ponzi scheme. The parallels between the two cases are clear: both involved complex financial products sold under false pretenses, leaving investors exposed to financial ruin.

With years of experience litigating cases involving IUL fraud, Ponzi schemes, and investor deception, Rikard & Protopapas is uniquely positioned to help victims of Drive Planning. Their legal experience in pursuing fraudulent financial advisors and insurance companies gives them a distinct advantage in navigating the complexities of the Drive Planning case.

Here’s how our team can help Drive Planning victims:

Deep Knowledge of IUL and Financial Fraud:

With experience from litigating hundreds of IUL cases around the country, Robert Rikard understand how insurance carriers and financial advisors mislead clients about the risks of these IUL policies. Our team will use this experience to investigate and hold all liable parties accountable surrounding the Drive Planning Ponzi scheme and IUL sales.

Proven Litigation Strategies:

Our team has the skills to dissect complex financial products and schemes. In the Drive Planning case, we will pursue claims not only against Drive Planning itself but also against any financial advisors, insurers, or agents involved in perpetrating the fraud. In the FIP Ponzi Scheme connected to Indexed Universal Life products we were able to collect over $50 million dollars for victims of IUL fraud.

Aggressive Collection of Compensation:

In the FIP IUL cases, we secured tens of millions of dollars in recoveries for our clients, and we are committed to recovering the maximum compensation for victims of Drive Planning. We will use all available legal avenues, from filing lawsuits, arbitration proceedings, asset recovery strategies, and working with regulatory agencies, to ensure victims see justice.

If you or someone you know has suffered financial losses as a result of Drive Planning’s fraudulent practices, contact Robert Rikard at Rikard & Protopapas. Our proven track record in IUL litigation and Ponzi scheme cases ensures we are well-prepared to fight for your rights and recover your losses.

For more information on how we can assist you, visit Investor Loss Center.