SEC Charges Florida Couple in Charitable-Gift-Annuity Scheme
On February 4, 2013, the SEC filed suit against Richard K. Olive and Susan L. Olive in the Southern District of Florida in a charitable-gift-annuity scheme. The Olives allegedly drew $75 million from more than 400 investors in at least 30 states. In March of 2008 the Olives took over the inactive nonprofit, We The…