|By David Wren, The Sun News (Myrtle Beach, S.C.)|
|McClatchy-Tribune Information Services|
Today, a bank is threatening to foreclose on the home that's been in Allen's family for three generations. What should have been a comfortable, albeit modest, retirement with her husband, Charles, has instead turned into a gut-churning, constant worry over money.
"We used to be able to pay all our bills and we could go out to eat whenever we wanted," said 80-year-old
The Allens blame
They aren't alone -- nearly two dozen lawsuits have been filed against McDavid by families who say the insurance salesman scammed them by talking them into mortgaging their homes and properties for high-dollar life insurance policies they didn't need and didn't understand. The allegations include fraud, breach of contract and negligent misrepresentation.
"I hope he goes to jail," said
"Anybody that takes advantage of sick people and elderly people, I don't know what's good enough for them,"
Salesman, agencies stand by work
McDavid is not facing any criminal charges and he denies any wrongdoing in his answers to the civil lawsuits. McDavid declined to talk to
The insurance companies that issued the policies --
"We believe these matters are more appropriately addressed in the court system," Kristinik said.
"The policies were issued only after appropriate review, and consistent with applicable law and industry standards," Waetke said. "The owners of the policies in question were provided with disclosures and illustrations that described the type of insurance product they purchased from Aviva."