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Examples

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

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

  • 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

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

    Mad About the Boys

  • "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

  • 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

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

    Mad About the Boys

  • 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

  • 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

  • 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

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

    Mad About the Boys

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