Funeral Service & Cremation 
Alliance of Wisconsin

Court report details 'substantial wrongdoing' in Wisconsin Funeral Trust

19 Feb 2013 9:24 AM | Anonymous
The court-appointed receiver of the Wisconsin Funeral Trust, which state investigators say was mismanaged to the toll of millions of dollars for people who paid for funerals in advance, said Friday that "there was substantial wrongdoing in operating the trust, and litigation is likely to occur in the near future to recover lost assets."

John Wirth, in submitting a status report in to Dane County Circuit Court, said his office has issued 39 subpoenas and reviewed more than 100,000 pages of emails and documents.

The "several hundred" people who held investments through Wisconsin's funeral homes and have died since the problems were exposed have, for the most part, had those funerals paid for, Wirth said. However, the funeral homes providing the services are getting about 60 cents on the dollar in reimbursement.

He also reported that he will ask for some changes to the way the reimbursements are made, as some consumers were not able to get their money or wanted to move the money to another trust or funeral home.



Read more: http://host.madison.com/news/local/crime_and_courts/court-report-details-substantial-wrongdoing-in-wisconsin-funeral-trust/article_ba05b4e8-7797-11e2-bdcc-001a4bcf887a.html#ixzz2LMJsuDaL
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