Funeral Service & Cremation 
Alliance of Wisconsin

Agreement calls for funeral trust fund to remain under receiver's control

03 Nov 2012 2:01 PM | Anonymous
A Dane County judge Wednesday froze a state securities complaint against the Wisconsin Funeral Directors Association and ordered that the group's beleaguered funeral trust fund remain under the control of a court-appointed receiver.

The order comes after state regulators filed the civil complaint last month charging that the Wisconsin Funeral Trust Fund has a financial shortfall of at least $21.5 million, and that the trade group that owns it was using fraud and deceit to sell prepaid funerals contracts.

Dane County Judge Peter Anderson ordered that the court action be stayed but said the state Department of Justice could lift the stay and resume the action at any time.

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