Access Plans Inc (fka APNC)

[MoneyMan]

One of Access Plans competitors found to be funded by apparent criminal hedge fund operation.

The Amacore Group, who I even posted about here, is being funed by this apparent criminal ponzi type hedge fund. I noted how much they were losing and wondered why this investor would keep dumping money into, well I think we see why.

This is a great read.
http://www.finalternatives.com/node/10148

Sharesleuth noted that Vicis appeared to benefit from an asset shuffle last year involving Amacore Group Inc. (OTCBB: ACGI.OB), a Florida company in which it has a nearly 90% interest.

Amacore, which markets healthcare-related membership programs, spun off one of its divisions into a public shell at the end of July.

Vicis has $12 million invested in Amacore. It put a further $3.75 million into the spinoff, Zurvita Holdings Inc. (OTCBB: ZRVT.OB), a multilevel marketing company that sells discount medical benefits, residential utility plans and other products.

Maybe when this ends and they have to liquidate maybe Access can pick up any parts left.