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Furthermore, the complaint alleges that from approximately 2004 through 2015, the Browns used TCN to raise over $12 million from 70 investors in multiple states in various estate planning products, including charitable gift annuities. But due to losses on various speculative investments, by 2008 Kevin Brown allegedly began operating TCN as a Ponzi like scheme by using funds from new investors to meet TCN older annuity and other obligations. The Browns also allegedly misappropriated TCN investor funds by paying undisclosed commissions to third parties, transferring cash to BIA, and making personal loan to themselves..

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