Oct 16, 2009
Ohio High Court Hits Alleged Trust Mill With $6.4 Million Fine
The Ohio Supreme Court last week fined a so-called trust mill and its affiliate company nearly $6.4 million for the unlicensed practice of law in the biggest penalty of its kind in the state’s history. In addition to the penalty, the three-judge Ohio Supreme Court panel barred the companies from operating in the state, where they allegedly duped thousands of senior citizens into buying living trusts and insurance products that they often didn’t need and couldn’t afford.