***FRAUD ALERT***

 

A Colorado attorney and two non-lawyer business associates were convicted of violating the Colorado Consumer Protection Act for selling estate plans they marketed as "a new nursing home entitlement program."  The Defendants claimed that the estate plan which consumers were to buy would qualify consumers for governmental payment of nursing home costs regardless of the consumer's income or assets, would avoid any spending down of assets to qualify, would prevent any liens being applied against consumer's home, and would serve as a substitute for nursing home care insurance.