Jacob Adelman on Muck Rack

Jacob Adelman

Verified
Philadelphia
As seen in: Barron's, Medium, MSN, Bloomberg Businessweek, Bloomberg News, Fox News, USA Today, Yahoo News New Zealand, KCBS-TV (Los Angeles, CA), Yahoo Finance, MarketWatch and
Reporter for @barronsonline. Contact via Signal/WhatsApp/Telegram @ +1-213-239-4939.

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A-CAP's problems mount. Annuity provider gets downgraded as federal probe swirls.

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By Jacob Adelman Verified
| MSN Verified
Jacob Adelman Challenges are mounting for annuities specialist Advantage Capital Management, as the insurance group is confronted with a sharp ratings downgrade, ties to an investigation by federal securities regulators, and a second criminal probe of one of its borrowers. AM Best, the industry's dominant ratings firm, late last month downgraded its financial-strength score for Advantage Capital's insurers from the equivalent of Good to Fair, a rare three-step drop.
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A-CAP Problems Mount. Annuity Provider Gets Rating Downgrade as Federal Probe Swirls.

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By Jacob Adelman Verified
| Barron's Verified
Challenges are mounting for annuities specialist Advantage Capital Management, as the insurance group is confronted with a sharp ratings downgrade, ties to an investigation by federal securities regulators, and a second criminal probe of one of its borrowers.
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A real estate firm promoted by X was alleged to be a Ponzi scheme. Now it's filed for bankruptcy.

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By Jacob Adelman Verified
| MSN Verified
Jacob Adelman Real estate firm RAD Diversified REIT has filed for bankruptcy protection, marking a reversal for the business whose founders were featured last year on an investment show promoted by Elon Musk's X as a tentpole of its new original-content strategy. RAD is seeking to reorganize under the Chapter 11 U.S. bankruptcy process due to struggles raising money from investors.
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