Last week attorneys general from seven states filed suit against health insurance telemarketers who allegedly made at least 1 billion illegal robocalls using fake numbers that included messages falsely claiming to be affiliated with large insurance companies. FCC documents lead us to conclude that a significant portion of these robocalls were used to generate “leads” for brokers within BFYT’s network to sell policies to unsuspecting consumers. Read More
We believe HIIQ management has made a series of misleading statements that conceal thousands of customer complaints that have not been disclosed to investors. Read More
A recent court filing made by the Federal Trade Commission reveals that HIIQ has continued to charge consumers millions of dollars for thousands of “virtually worthless insurance products” issued by HIIQ to families who the FTC says were defrauded by boiler rooms run by Steve Dorfman’s Simple Health companies. We believe these new documents contradict management’s assertions and suggest the company is still harvesting cash from the victims of a giant alleged fraud. Read More
Documents reveal that HIIQ has sold a significant amount of policies from a Boca Raton insurer with less than $7 million in capital and ties to previous insurance frauds, further calling into question HIIQ management’s credibility and claims about its compliance. Read More
We are short Health Insurance Innovations (NASDAQ: HIIQ) because we believe the company’s business model relies on a classic boiler room scam. Read More