Thanks to David Moss who forwarded this story to me from the New York Times.

It is a must read for any fundraising professional who gets approached with any insurance deals that are too good to be true (as 99.9999% of them are):

http://www.nytimes.com/2010/02/13/education/13oklahoma.html?scp=2&sq=pickens&st=cse

This stuff is just rotten – and I remember clearly that the Oklahoma State plan was the poster child for this stuff!

See my older posts under insurance schemes.