Business ProfileforAmerican Equity Investment Life Insurance Company

American Equity to protect their Fraudulent Agents, *** their Clints: Since 05-23-23, ********* ***** has been fraudulently presenting himself as the Managing Director/Partner of an unregistered, unlicensed and non-existent company, MoneyMattersUSA, ************* with non-existent branches in ***********, ***********, and ********, **. Under this *****, ***** solicited and sold ********************************** products to us from 05-23-23, to 05-24-24, including the American Equity contracts. For an entire year, Saide harassed the undersigned to get their existing all/every insurance/annuity personal, ******************************* business from him. The proof for this was also provided to regulatory agencies as well as ****The core issue here is not just about the contracts we purchased but about the fact that a conman was able to represent *** & sell us these contracts. *** has not admitted its failure in supervising its agent, Saide, nor did it conduct a thorough background check on him. *** has knowingly failed in its fiduciary duty, and for this reason, we demand a full refund with 7% interest and penal interest. We thought because of our action, AEL may learn from this incident & ensure that someone like Saide never represents them again. Unfortunately, it appears that *** cares more about protecting fraud individuals like Saide than their small contract holders.***, ******, Iowa Insurance Division, & AEL should be ashamed for failing to protect small investors like us. They should not claim to care for the small investor if they cannot provide assistance in such clear cases of fraud promoted/protected by ****Furthermore, could any of these aforementioned entities explain where in *** one can borrow money at 1% interest per annum? *** with a gun pointed to our head is essentially committing daylight robbery under the watch of regulatory agencies by offering us a mere 1% interest and fraudulently describing it in agreement as "a compromised resolution for a disputed claim."