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$21 Million Allegedly Missing From Wisconsin Funeral Director Association Preneed Fund

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Mortuary Management
News updates for the week of September 18, 2012

Madison, Wis. – The Wisconsin Funeral Directors Association (WFDA) has announced that a Dane County Circuit Court Judge has appointed business attorney John Wirth of Milwaukee to act as a receiver for the organization because of questions relating to the solvency of a pre-paid funeral policy program in place since 1999.

The announcement and appointment come after the state Department of Justice (DOJ) and the Wisconsin Department of Financial Institutions petitioned the court as a result of information that indicates the pre-paid WFDA policy fund may be at least $21 million short, perhaps more.

Read the full article in Mortuary Management

Thanks to the HVCC Mortuary Science Alumni & Student Assoc for alerting us to this article.

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Last Updated ( Tuesday, 18 September 2012 07:42 )  

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