{"id":10855,"date":"2022-10-05T11:34:15","date_gmt":"2022-10-05T15:34:15","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10855"},"modified":"2022-10-05T11:34:15","modified_gmt":"2022-10-05T15:34:15","slug":"what-happened-to-all-the-money-at-gwg-holdings","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/","title":{"rendered":"What Happened To All The Money At GWG Holdings?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10054 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg\" alt=\"We\u2019ve written frequently about GWG Holdings, the now-bankrupt Dallas-based company that bought out life insurance policies from people who needed cash more than their policies. The company sold those policies to other investors who would see a return when the original policyholder passed away.  Then the company crashed and burned.  The L Bonds, as they were called, required patience from investors. After all, the policy payout would come when the original policyholder died.  Last August, the company temporarily halted the sales of their L Bonds, leading to a series of events that ended with GWG Holdings declaring bankruptcy in April of 2022. Investors in L Bonds were left with nothing.  So, what happened to the investor\u2019s funds that were going to earn them great returns?\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>We\u2019ve written frequently about GWG Holdings, the now-bankrupt Dallas-based company that bought out life insurance policies from people who needed cash more than their policies. The company sold those policies to other investors who would see a return when the original policyholder passed away.<\/p>\n<p>Then the company crashed and burned. <a href=\"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/#more-10855\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve written frequently about GWG Holdings, the now-bankrupt Dallas-based company that bought out life insurance policies from people who needed cash more than their policies. The company sold those policies to other investors who would see a return when the original policyholder passed away. Then the company crashed and burned. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,580],"tags":[],"class_list":["post-10855","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Happened To All The Money At GWG Holdings? &#8212;<\/title>\n<meta name=\"description\" content=\"GWG Holdings is a now-bankrupt Dallas-based company that bought life insurance policies from people who needed cash more than their policies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What Happened To All The Money At GWG Holdings? &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"GWG Holdings is a now-bankrupt Dallas-based company that bought life insurance policies from people who needed cash more than their policies.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Happened To All The Money At GWG Holdings? &#8212;","description":"GWG Holdings is a now-bankrupt Dallas-based company that bought life insurance policies from people who needed cash more than their policies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/","twitter_card":"summary_large_image","twitter_title":"What Happened To All The Money At GWG Holdings? &#8212;","twitter_description":"GWG Holdings is a now-bankrupt Dallas-based company that bought life insurance policies from people who needed cash more than their policies.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/","url":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/","name":"What Happened To All The Money At GWG Holdings? &#8212;","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg","datePublished":"2022-10-05T15:34:15+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"GWG Holdings is a now-bankrupt Dallas-based company that bought life insurance policies from people who needed cash more than their policies.","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/06\/L-Bonds-by-GWG-Holdings.jpg","width":300,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/what-happened-to-all-the-money-at-gwg-holdings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What Happened To All The Money At GWG Holdings?"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=10855"}],"version-history":[{"count":1,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10855\/revisions"}],"predecessor-version":[{"id":10856,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10855\/revisions\/10856"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=10855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=10855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=10855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}