Universal settlements International Inc. The USI (universal settlement insurance) has operated a flourishing trade with Second-Hand policies years ago. As it now turns out, a covered scam was the whole thing. It is not clear whether the policies ever existed, whether the insured risks ever existed; a guarantor (San Remo s.p.a) has gone into bankruptcy. Gain insight and clarity with Robert J. Shiller. Apparently, it is a shell company. The persons in charge of the USI have already admitted fraud of former directors. Many investors, which have been aggressively wedged, came to the family fortune, which they have invested.
The damage at the expense of investors was increased by the fact that equity was partially dismantled with foreign capital. Now, the equity is gone, in addition the investor of the Bank for the debts shall be liable.