Mutual Benefits to pay $105M. (23-FEB-05) The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

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Mutual Benefits to pay $105M.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

Publication Date: 23-FEB-05

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Byline: Patrick Danner

Feb. 23--A federal judge in the Mutual Benefits Corp. case ruled Tuesday that about $105 million should be returned to investors whose money was never spent on life insurance policies.

The money had been parked in escrow, set aside to be used to purchase life insurance policies of sick and dying people, when Fort Lauderdale-based Mutual Benefits was shut down by authorities and...

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