Watching Globe Life; Viceroy Research Issues Report Titled "Globe Life – The Main Course"
Watching Globe Life; Viceroy Research Issues Report Titled "Globe Life – The Main Course"
Viceroy Research is short Globe Life (NYSE:GL) following an extensive investigation of the company and its subsidiary American Income Life (AIL).
在對該公司及其子公司美國收入人壽保險（AIL）進行了廣泛調查後，Viceroy Research縮短了環球人壽保險（紐約證券交易所代碼：GL）。
We tip our hat to Fuzzy Panda, who produced a solid report outlining the extent of fraud at Globe Life. This report will push the envelope on what is already a thrilling story, with minimal overlap:
我們向Fuzzy Panda致敬，他撰寫了一份可靠的報告，概述了環球人壽的欺詐程度。這份報告將突破本已激動人心的故事的極限，儘量減少重疊之處：
- Viceroy have conducted a far more extensive number of background checks on AIL's most profitable agents, which uncovered allegations of kidnapping, assault, and child grooming.
- There are an extremely high number of allegations of fraud by AIL and its agents, many of which are disclosed within other cases of unfair dismissal or sexual harassment/assault. Viceroy have pulled dozens of detailed statements from plaintiffs, defendant, and witness statements to paint a fuller picture of the pervasive nature of fraud at AIL.
- This report will close the loop on various open-ended Fuzzy Panda thrillers, including the circumstances leading to the dismissal and withdrawal of cases against Globe Life, AIL, and their agents.
- Viceroy has accessed thousands of Globe Life agency training and marketing materials, concluding that fraudulent, dishonest, and misleading sales tactics are core to AIL's operations.
- Viceroy's financial analysis will show how AIL's modus operandi affects its churn, structural cash flow issues, the increasing risk of employee misclassification, and the existence of offshore captive reinsurers that appear to be providing Globe Life liquidity against impaired assets.
- Viceroy對AIL最賺錢的特工進行了更爲廣泛的背景調查，這些調查發現了綁架、襲擊和誘導兒童的指控。
- AIL及其代理人的欺詐指控數量極多，其中許多指控是在其他不公平解僱或性騷擾/性攻擊案件中披露的。Viceroy已經從原告、被告和證人證詞中提取了數十份詳細陳述，以更全面地描述AIL欺詐的普遍性質。
- 該報告將結束對各種不限成員名額的Fuzzy Panda驚悚片的關注，包括導致Globe Life、AIL及其代理人的案件被駁回和撤回的情況。
- Viceroy已經訪問了數千份環球人壽機構的培訓和營銷材料，得出的結論是，欺詐、不誠實和誤導性的銷售策略是AIL運營的核心。
- Viceroy的財務分析將顯示AIL的作案手法如何影響其流失率、結構性現金流問題、不斷增加的員工錯誤分類風險以及似乎爲Globe Life減值資產提供流動性的離岸自保再保險公司的存在。
Fuzzy Panda's report can be found here.
Fuzzy Panda的報告可以在這裏找到。
This report is Viceroy's longest investigation by far, and is compiled on the review of over 11,000 documents and near 40GB of data. Strap in. Globe Life is extremely exposed to the unfolding allegations of fraud and shocking company culture at AIL. It is hard to believe the Department of Justice and EEOC investigations will not turn up significant findings, given what Viceroy have been able to find publicly.
該報告是Viceroy迄今爲止歷時最長的調查，是根據對11,000多份文件和近40GB數據的審查而編制的。繫好安全帶。環球人壽極易受到AIL不斷展開的欺詐指控和令人震驚的公司文化的影響。鑑於Viceroy能夠公開找到的內容，很難相信司法部和平等機會委員會的調查不會得出重大結果。
Given the number and seriousness of the issues at Globe Life, and the ongoing investigations and their financial situation, we do not believe that a target price can be assigned at this time.
鑑於環球人壽問題的數量和嚴重性，以及正在進行的調查及其財務狀況，我們認爲目前無法確定目標價格。
譯文內容由第三人軟體翻譯。