As the Vesttoo fraud saga continues, the creditors are seeking to recoup los value
Vesttoo creditors sue Aon and China Construction Bank | | | Vesttoo bankruptcy creditors sue Aon and China Construction Bank for fraudulent conduct  In the latest twist in the long-running Vesttoo saga, where fraudulent collateral was found to be sitting behind reinsurance deals via letters of credit (LOC) that turned out to be forged, the creditors to the failed insurtech's bankruptcy trust are now suing broker Aon and China Construction Bank, alleging fraudulent conduct and blaming them for the collapse of Vesttoo. The bankruptcy creditors have also launched a raft of adversary cases against service providers to Vesttoo, seeking to recover some of the monies paid for their involvement in Vesttoo transactions, including against many other very well-known names in the insurance and reinsurance industry. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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