Vicki Gunvalson He faces another operation and looks to have a very difficult financial recovery ahead of him.
The “Real Housewives of Orange County” star has been served with just two court documents accusing her of a series of financial misconduct.
Plaintiff Diane Field has accused Vicki Gunvalson and other investment and insurance companies of fraud, and the charges are very heavy.
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Plaintiff seeks unspecified damages from Vicki Gunvalson
Diane Gunvalson was prosecuted for allegedly encouraging her and her husband, George Field, to invest 90% of their combined assets in mutual funds and assets with an Orange County, California, company.
Now, moving into May, I also visited Allianz Life Insurance Company, Coto Insurance & Financial Services and another investment company.
At first, the Fields managed their own finances. They were able to live comfortably on their paychecks and pensions, which meant they didn't need to withdraw money from their savings and mutual fund accounts, except to pay taxes.
However, in 2002, George (age 85) was involved in a bicycle accident that resulted in serious injuries, forced Diane to take over or control his financial affairs, or resulted in the loss of $6 million.
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by Call me A large amount was kept in an investment account, and in a separate account, they saved money for the file.
Diane and Gunvalson met in 2019, after Marco's first boyfriend met with a reality star to talk about investments. At the time, Diane claimed the “Real Housewives of Orange County” star was reluctant to work with a friend because she didn't have at least $500,000 to invest.
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'RHOC' Star Ensures Diane Has Proper Financial Management
Gunvalson tells Diane that he can help her manage her finances and suggests she invest in Allianz annuities.
Diane welcomed the offer and explained that she felt more comfortable in the stock market because her husband's finances were always spent on mutual funds, which were her source of strength.
Gunvalson supposedly encouraged Diane to talk to her business partner Ali, who had knowledge of the gold market, and together we could put her on a safer, more diversified plan that would also ensure she would pay less taxes.
The tax abatement offer seemed attractive to Diane, who agreed to meet with Ali and Gunvalson, where they would discuss raising future/potential financial capital for her children.
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Diane noticed that George's health was rapidly deteriorating at the time, or that he was becoming weak enough to confide in the former “RHOC” alum Ali, as they seemed sincere and concerned for her well-being.
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Gunvalson and Ali will convincingly sell the Allianz 222 to Diane.
The conversation then turned to investment firm Allianz 222 Annuity, where Ali and Gunvalson convinced Diane to consider investing, as it was safe, conservative, and promising returns.
Diane said Ali was convinced to transfer the stock money to an offshore company she managed at Fidelity Investments. This also meant she set up a life insurance policy that cost $300,000 a year.
The victim noted that, following Gunvalson's “convincing fraudulent sales tactics and promises that the grant recipient would help reduce income tax,” he transferred the funds to Allianz Indexed Annuity 222.
In February 2022, another $300,000 life insurance award will be paid out and questions will be asked about why another payment is necessary. However, she has gone through this while grieving the death of her husband and recovering from quadruple bypass surgery.
In August of the same year, she decided to transfer the money from the account managed by Ali. In December, she expressed concerns about the investment, claiming that she believed she had made the best decision and that she might be too old to benefit from two of her profits.
Your claims will result in your life insurance policy being adjusted from $300,000 to $100,000 in April 2023.
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Gunvalson then contacted him repeatedly in March and April 2024 to pay him $100,000. The reality star requested that she withdraw the money from her stock and title accounts so that Gunvalson could receive payment from Allianz, as she always does.
In April 2024, Diane contacted Allianz directly to find out when her investment would expire. A representative said she had over $600,000 in her account, and that it paid out $300,000 in prizes each year.
The actor instructed Diane not to send any more payments due to the increase in her account. Everything changed when Diane accused Gunvalson and Ali of financially abusing the children for entering into a biased business.
Gunvalson was tried for fraud in 2018.
This isn't the first time he's been involved in the business. He obtained court documents from an 82-year-old woman named Joanne Leal in 2018 for alleged fraud over a life insurance policy she sold.
However, the reality star's lawyer denied the allegations and considered them false, noting that “Gunvalson always acts professionally and with the utmost honesty and integrity in all dealings in which he acts as an insurance agent for his clients.”
Her legal representative said she had never engaged in any fraudulent behavior or “violated the terms of any policy.”
The false claims in the operation were strongly denied and the operation was dropped months later. Not yet, or Operation Dayan is still active.
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62-Year-Old Man Crashes His Wedding in 2021
As for taking care of two businesses with Diane in 2021, she is also taking care of personal matters in the relationship department. By ExplosionGunvalson met Steve Lodge's birthday in 2019 at a charity event in 2016 and began to fall in love.
The couple separated and divorced in 2021, after two years of marriage and allegations of Lodge's separation.
Not only did Lodge lose his partner after the split, he also lost his bid to run for California governor in a special election.