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John Ruiz's LifeWallet reports 'substantial doubt' about company's continued operating

Bob Ferrante

Ultimate Seminole Insider
Staff
May 10, 2022
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University of Miami booster John H. Ruiz’s insurance claims company LifeWallet told investors Wednesday that there is “substantial doubt” about its ability to continue operating. The admission came as the company reported that it had brought in just over $300,000 in revenue between March and June from its primary business of collecting reimbursement for wrongly paid insurance claims.

 
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