eisa

His employment record since eisa suggests some difficulty in that matter.

Smart Mobs » Blog Archive » “When does one’s history become history?” 2006

There is a legitimate, federally insured vehicle called an erisa — an Employee Retirement Investment Savings Account — but, according to Persante and others, Pearlman's fictitious eisa accounts were nothing more than a transparent attempt to capitalize on confusion between the two names.

Mad About the Boys Burrough, Bryan 2007

Between the early 1990s and 2006, Pearlman took in more than $300 million in eisa sales.

Mad About the Boys Burrough, Bryan 2007

"What he told people was that 'I've got this eisa plan, and normally these plans are restricted to employees, but I've built in a special clause that allows me to give it to friends and family,'" says Persante.

Mad About the Boys Burrough, Bryan 2007

The state of Florida's Office of Financial Regulation began examining Trans Con's eisa program after investors started complaining in the fall of 2006.

Mad About the Boys Burrough, Bryan 2007

The bigger lie, though, was the simplest: there is no such thing as an eisa account.

Mad About the Boys Burrough, Bryan 2007

All told, McHale identified $317 million in missing money that was supposed to be in Trans Con's eisa accounts, not to mention the $156 million in vanished bank loans.

Mad About the Boys Burrough, Bryan 2007

At some point in the early 1990s, Pearlman began offering investors a new option, a chance to participate in Trans Con Air's federally insured employee stock-ownership plan, what he termed an Employee Investment Savings Account, or eisa.

Mad About the Boys Burrough, Bryan 2007

Trans Con's eisa, which paid an annual return of about 8 percent, was a rock-solid investment, Pearlman said, guaranteed by the Federal Deposit Insurance Corporation (F.D.I.C.), the giant American International Group (AIG) insurance company, and Lloyd's of London.

Mad About the Boys Burrough, Bryan 2007

In time Pearlman began selling eisa investments through a series of small brokerage houses in Florida.

Mad About the Boys Burrough, Bryan 2007