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FINDINGS OF FACT
Some of the facts have been stipulated. The stipulation of
facts and accompanying exhibits are incorporated by this
reference, and the facts are so found. Petitioners resided in
Fort Wayne, Indiana, when they filed the petition.
General Background of Petitioners
Both petitioners were self-employed entrepreneurs with
financial and business experience. Mr. Runkle was self-employed
in bicycle sales from 1972 to 1985, during which time he hired a
bookkeeper or certified public accountant to maintain the books
and records for the bicycle sales activity.
Mr. Runkle then became involved in insurance sales as an
independent insurance agent in 1986 and has been a self-employed
insurance agent since 1986. He has held a Life Underwriters
Training Counsel Fellow (LUTCF) certification since at least
1991.
During the years at issue, Mr. Runkle also sold computers
and computer equipment, and he obtained a 2-year associate’s
degree as a paralegal through a correspondence school in the mid-
1990s.
Mr. Runkle began operating DR Financial, Inc. in the 1990s
to promote the sale of insurance products and annuities. He also
served on the financial commission of the Calvary Temple Church.
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Last modified: May 25, 2011