No Lower Cost Funeral Today.
Breaking News-Friday January 30th 2009 As news organizations on the east cost were headed home the Illinois Funeral Directors Association issued a statement on a class action lawsuit by Funeral Establishments in the State of Illinois.
The Statement did not say too much. But then most public statements about lawsuits never do. This much we do know:
1.The lawsuit is centered around the license of the IFDA to manage the IFDA Preneed Trust.
2. The IFDA short statement defense was that the Comptroller in the State of Illinois renewed the license to manage the IFDA Preneed Trust Fund.
3. The Comptroller who issued the license was Senator Roland Burris.
5. The Comptroller who renewed the license 20x was Senator Roland Burris.
6. The current comptroller took away the license of the Illinois Funeral Directors association to manage the fund because the license should not have been issued in the first place.
7. The IFDA admitted to World Net Daily that Senator Burris was a lobbyist for them in 2007.
8. The IFDA has reported that the total Loss in the fund to be 59 million USD.
9. Merrill Lynch Bank and Trust was named the trustee after being an adviser to the IFDA management of the fund.
10. Merrill Lynch was purchased out by the the Bank of a America after a bailout by the US Treasury.
IFDA Lawsuit Statement came during the wake of Blagojevich impeachment and his political funeral.
“A Class Action suit has been filled by Virginia H. Dunkle and Maria Dusembery for the benefit of Dr. Ludimilla Petrauskas. We have issued the following statement concerning this action: “The IFDA Preneed Trust began operating in 1980 under a license issued by the Illinois Office of the Comptroller which regularly renewed the license over the course of more than 25 years. At this juncture, our counsel is reviewing this legal filing to determine the most appropriate course of action to defend our Association, our members and the truth.”
Now if you followed all that good for you. Lesson: stay away from preneed funds, banks and politicians, US Treasury, Funeral Organizations and lawyers who say the “truth.”
No Lower Cost Funeral Today.
Blog by Your Funeral Guy.
FYI: IFDA E-mailed me lawsuit Information.
