Lewis McBride, co-owner of Lee's Summit-based investment manager D&D Advisors LLC, was sentenced to three years and four months in federal prison for his role in a scheme that defrauded investors in a portfolio that gambled on the death of terminally ill or elderly people.
McBride, 65, set up the company in a 50-50 relationship with David Vorbeck, an attorney from Lee's Summit. The scheme involved making viatical and life settlement investments, which involve buying the rights to life insurance…
Lewis McBride, co-owner of Lee's Summit-based investment manager D&D Advisors LLC, was sentenced to three years and four months in federal prison for his role in a scheme that defrauded investors in a portfolio that gambled on the death of terminally ill or elderly people.
McBride, 65, set up the company in a 50-50 relationship with David Vorbeck, an attorney from Lee's Summit. The scheme involved making viatical and life settlement investments, which involve buying the rights to life insurance…