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Viceroy Research has issued a damning report on Globe Life, accusing the insurance company of pervasive fraud and misconduct, particularly at its American Income Life (AIL) subsidiary. The report alleges that AIL was involved in customer fraud and details incidents such as an agent submitting fraudulent insurance applications. Additionally, more than a dozen arbitration cases have been filed against Globe Life, claiming that agents classified as contractors should be considered employees. This report marks Globe Life as the target of a second short-seller attack within a month. Concurrently, a DDoS attack occurred, though it's not attributed to Globe Life. Viceroy also revealed a short position against Globe Life.
.@BusinessInsider has been investigating Globe Life $GL, its American Income Life subsidiary and Arias Agencies since Feb. 2023. You can read all our coverage using this link: https://t.co/kwBX07VvVJ
This behaviour is not acceptable to @Viceroyresearch. Globe Life investors would be wise to speak out against this conduct. $GL's silence is deafening to this. Globe's agency business appears to ignore any moral compass for ethics, never mind the legal implications. https://t.co/azVizYYtV5
⚠️ GLOBE LIFE BECOMES TARGET OF SECOND SHORT SELLER THIS MONTH Full Story → https://t.co/cIlYVrIHwa Viceroy Research revealed a short position against life insurer Globe Life on Tuesday, making it the target of a second short-seller attack within a month.
