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His insurance company may have been shut down the state following an investigation into his practices, but that won't stop a well-known pitchman from making a business pitch to help build your business. Hal Katz, who has repeatedly turned down interview opportunities from ACB2 in relation to his case, had plenty to say during an appearance on a paid program he organizes.
Katz appeared on "Keepin It Real" over the weekend. That's a paid program that airs on ABC2. Katz spoke about how he can help you grow your business, an interesting pitch considering the Baltimore County man's recent history.
Last year the Maryland Insurance Administration revoked Katz's license to sell insurance for Katz Insurance. And a state investigation found he knowingly committed fraudulent or dishonest practices. The MIA, during its probe, also discovered hundreds of thousands in payments to another one of his companies was missing. Investors in a third Katz company that provided financing claim in court records that he owes them millions collectively.
ABC2 News Investigators have uncovered a new development in his on-going situation with the state. As part of an agreement flushed out by MIA, Katz's Insurance Company and some of its assets have been sold for at least $500,000, records show. Katz does not profit from the sale, however, according to the state. Instead, proceeds are given to a third-party receiver tasked with running Katz's company in recent months
Still those issues didn't stop Katz from seeking your business, as a business consultant. On "Keepin It Real", he indicated he had grown his company from his kitchen table to an empire and that he could do the same for those who wish to work with him, saying, "Listen to our advice. Listen to my advice, from my experiences and be willing to spend a few dollars and I promise you, I will grow your business."
Katz is a paid advertiser at ABC2. Baltimore-area based Young Insurance purchased the assets from Katz Insurance. State records show more than $230,000 from the sale will go into the Maryland Automobile Insurance Fund. The state-run group helps people who can't find insurance elsewhere get coverage.
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