The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "Prudential" ...
-
Profiting from Fallen Soldiers
Bloomberg finds that more than 130 life insurance companies have been profiting from the death benefits owed to family service members and government workers.
Tags: soldiers; death benefits; life insurance; Prudential; Met Life
-
Profiting From Fallen Soldiers
In this series, reporter David Evans exposed how "more than 130 life insurance companies" devised a system that allowed them to profit from death benefits that were "owed to families of service members, government workers and millions of other Americans." MetLife and Prudential led the scheme. Evans revealed that the companies withheld $28 billion owed to the families of deceased soldiers. The story prompted "almost immediate changes in U.S. government policies."
Tags: life insurance; MetLife; Prudential; Robert Gates; Veterans; taxpayer; American Legion; military
-
Prudential's Cleanup in Wake of Scandals Hurts Insurance Sales
Prudential Insurance Company of America, hobbled by excessive overhead, out-of-favor products and two sales scandals, has made many changes in the past three years. It's reformed its sales processes, fired overly agressive agents and spiced its top ranks with marketing and financial experts recruited from rivals. Yet, this year's sales results are still disappointing.
Tags: Prudential; insurance; mutual funds; life-insurance unit
-
Barbarians at the Rock
After being rocked by accusations of fraud from 1982 to 1995, Prudential Insurance Company faced yet another crisis. During 1993 and 1994 the company knew it was using faulty software to calculate values on the most popular life insurance policy they had. The faulty software would eventually result in clients losing their entire coverage. A whisteblower was fired for pointint out the questionable practice.
-
Empire: A Tale of Obsession, Betrayal and the Battle for an American Icon
Pacelle's book "traces the decade-long battle for control of the Empire State Building, in which real estate tycoons from the United States and Japan accused one another of various forms of deceit and criminality." The author reveals how Hideki Yokoi, a controversial Japanese tycoon, managed to buy the building without disclosing his identity to the seller, Prudential Insurance Co. The book follows the labyrinth of accusations, lawsuits and jailings stemming from the ownership battles, and reports on the involvement of "such well-known New York real estate people as Donald Trump and Leona Helmsley."
Tags: BOOK; business; corporations; Manhattan
-
No title (id: 13962)
PrimeTime Live series documents a pattern of misleading sales practices at Prudential Life Insurance in which an estimated 3 million customers nationwide were cheated. PrimeTime obtained videotapes of training sessions in which management and agenst taught deceptive sales practices. (Dec. 11, 1996)
Tags: Sawyer Rock in a hard place Contes entry Forgery Life insurance Fraud Courts 8 pgs TAPE
-
Burned by Merrill: Did a real estate limited partnership mislead investors?
The limited partnership scandal involving Prudential Securities is well known. But Prudential is a scrappy, second-tier brokerage. In this detailed investigative story, Business Week raised the first serious questions about limited partnerships sold by Merrill Lynch & Co., the nation's leading brokerage firm.
Tags: marketing; investments; possible fraud
-
No title (id: 9664)
Los Angeles Times finds that one of the nation's largest companies, Prudential Insurance and its subsidiaries had engaged in massive investment fraud; finds conflicts of interests by brokers and misleading investment advice, June 22 - 23, 1993.
-
No title (id: 4670)
Virginia Business Magazine details Prudential-Bache's shut down of a Swiss-franc-trading scheme in Richmond, Va.; finds Prudential-Bache lost millions of dollars and top executives are being blamed, August 1988.
-
No title (id: 3650)
Wall Street Journal details the Department of Health and Human Services' investigation of payments by Medicare for as much as $10 billion in benefits, for which private health plans actually were liable; finds the Justice Department is trying to recover funds from insurance companies, April 7, 1989.
Tags: Cross Blue Shield of Michigan Provident Life & Accident Aetna Prudential