Omega ‘PregnancyCare’ surrogacy insurance scandal moves offshore, and the outlook for victims is grim.

The liquidator painted a grim picture for intended parents left holding the bag on hefty medical bills.

Excerpt - “Last week, a Cayman Islands professional liquidator held an illuminating — and depressing — meeting concerning the train wreck that is the Omega PregnancyCare case. Essentially, an insurer, catering specifically to women who were carrying pregnancies as gestational surrogates for others, was a total scam. And in the hearing, the court-appointed liquidator delivered one piece of bad news after another to a Zoom audience crowded with victims of the Ponzi-schemed insurance product.”

Ellen Trachman is the Managing Attorney of Trachman Law Center, LLC, and a regular contributor to the ‘Above the Law’ platform.