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RHOC’s Vicki Gunvalson Sued for Financial Elder Abuse and Fraud

RHOC's Vicki Gunvalson Sued for Financial Elder Abuse and Fraud

Vicki Gunvalson, known for her role on The Real Housewives of Orange County, is facing serious legal issues. Vicki has been sued for financial elder abuse and fraud. She has long promoted her life insurance company, COTO Insurance, on social media. However, this story has taken a dark turn.

Allegations Against Vicki Gunvalson

According to In Touch Weekly, 74-year-old Diane Field has filed a lawsuit against Vicki Gunvalson. Diane also named Allianz Life Insurance Company, Coto Insurance & Financial Services, and another investment firm in the suit. Diane and her late husband, George, had invested most of their net worth into stocks and mutual funds.

In 2019, Diane met Vicki through a friend. Allegedly, Vicki showed little interest in the friend but was keen to help Diane. Vicki introduced Diane to her partner, Ali, claiming he had stock market expertise.

A Promising Investment Turns Sour

Vicki and Ali convinced Diane to invest in an Allianz 222 Annuity. They assured her it was safe and would lower her taxes. Diane was persuaded to take out a life insurance policy, not knowing it would cost $300,000 annually.

Per the lawsuit, Diane trusted Vicki and Ali during a traumatic time. Her husband was critically ill, and she was emotionally vulnerable. Diane later discovered she had paid $1 million in premiums. By April 2024, her policy had a cash surrender value of $387,497.96 and a death benefit of $3,539,077.00.

Vicki’s Persistent Demands

Vicki Gunvalson allegedly continued to demand a $100,000 payment in 2024, despite Diane having $600,000 in her account. This relentless pursuit has added to the distress Diane experienced. Vicki has faced legal trouble before, being sued in 2018, though that case was dismissed.

Ongoing Feud with Alexis Bellino

Amid her legal battles, Vicki Gunvalson is also dealing with a public feud. She has been clashing with former RHOC cast member Alexis Bellino. Alexis, who returned to the show in Season 18, is dating Shannon Beador’s ex-boyfriend, John Janssen.

Vicki voiced her disapproval of Alexis and John’s relationship on Instagram. She described it as “ridiculous and thirsty.” Alexis responded, expressing disappointment in Vicki, whom she once considered a friend.

Written by Sarah Milner

Sarah Milner is a freelance writer for over 5 years.

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