Former Oregon Governor Fraud Victim

Samuels Yoelin Kantor LLP

(December 11) Former Oregon Governor Neil Goldschmidt filed a lawsuit in Multnomah County Circuit Court indicating that he and his wife were the victims of financial fraud.

The suit accuses the Voyager Financial Group of Little Rock, Arkansas of accepting $600,000 from Goldschmidt in return for an income stream derived from Voyager’s business of buying out and restructuring military pensions. Similar schemes have offered an attractive return of 10% to 12%. Less attractive: such assignment of military pensions is clearly against federal law and against IRS code, the practice appears to be poorly regulated at best, and at least two websites affiliated with Voyager are still up and running.

(Jeff Mapes of The Oregonian at www.oregonlive.com)

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