Update October 2016
As of March 31st 2016 the total collections as reflected in the financial statement posted on the DFS website shows that the new figure for legal fees, salaries and travel expenses and fringed benefits is now over $35 Million or $2,2 Million more spent since December 2011 and the collected amount only increase buy $3,706,000 to $73.7 Million which means that the DFS and its legal profesional team has spent over $3,6 Million during the last 5 years of the Aries Estate and have brought only $2,2 M in collections to the Estate of Aries. During the first Quarter of 2016 the additional collections increased by $46,454 and the expenses to collect this amount was $218,355 or 470% of the collected amount.
The is a serious Government waste of the Aries Estate assets and no additional funds returned to FIGA which ultimately affects the tax payers of the State of Florida and the Insurance consumer buying public. Most of these additional fees have been spent by DFS employees and the firm of:
The is a serious Government waste of the Aries Estate assets and no additional funds returned to FIGA which ultimately affects the tax payers of the State of Florida and the Insurance consumer buying public. Most of these additional fees have been spent by DFS employees and the firm of:
See the most recent financial statement for the Estate of The Aries Insurance Company at:
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