3 ms·

I don't understand why tontines are illegal in the U.S.

• spacemanmatt 4y ago
  Probably judges got tired convicting geezers who committed murder to win the tontine.
• whichfawkes 4y ago
  Too many murders?
• clifdweller 4y ago
  it was mostly because of fraud. if you are a banker seems quite a nice premise to sell your rich friends a tontine with them and a bunch of Bering sea crab fishermen in it.
• rundmc 4y ago
  Tontines are perfectly legal. See: https://tontine.com/news/tontines-can-a-pension-this-good-be-real-and-is-it-totally-legit https://tontine.com/news/tontines-can-a-pension-this-good-be...
• giaour 4y ago
  I also wanted to ask this but realized I only "knew" they were illegal from the Simpsons[0], which is maybe out of date and might have been inaccurate at the time. [0]: https://en.m.wikipedia.org/wiki/Raging_Abe_Simpson_and_His_Grumbling_Grandson_in_%27The_Curse_of_the_Flying_Hellfish%27 https://en.m.wikipedia.org/wiki/Raging_Abe_Simpson_and_His_G...