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Does the name Conseco Insurance ring a bell? Well, in light of “other chateau-like posts” today, I thought you’d like to see this. Stephen Hilbert is the founder and former chairman of Conseco Insurance Company. Back in the 90’s, there was margin call hanky-panky, personal loans and apparently Mr. Hilbert lived high on the hog. Did I say this was back in the 90’s? He left Conseco in not such great shape. The company morphed into CNO Financial Group and Hilbert lost ownership of his $30 million estate in Carmel, not California but Indiana, to repay money he borrowed from the company. In other ...
Animation company DQ Entertainment is eying acquisitions in the UK and US, but may take till next year the next financial year to close a deal. The company might raise funds to finance these acquisitions. [ Business Line ] BCCI Doesn’t Allow Kings XI Punjab Sale To PE Firm A proposal to sell 93% stake in IPL Cricket team Kings XI Punjab to a private equity firm has been disallowed by the the Board of Control for Cricket in India (BCCI), saying that the sale cannot take place until investigations against suspended IPL Chairman Lalit Modi have been completed. The stake is apparently ... Read More
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