I-Team: Local businessman was facing federal lawsuit before his death

New developments in the Jim Casey lawsui

PALM SPRINGS, Calif. - Questions are being raised about the business dealings of Jim Casey who passed away on Monday.

We're learning that Casey and the company he founded, Integrated Wealth Management, were the targets of a lawsuit that was filed in early April.

More: I-Team investigations

This lawsuit was filed by the pension plan for St. Jude Heritage Medical Group based in Anaheim. There's no connection to the St. Jude Children's Hospital in Memphis.

The lawsuit alleges mismanagement of a pension plan, calling into question 2 things.

The transfer of 7.1 million dollars to an annuity plan and a transfer of more than 1.3 million dollars involving a real estate loan in Dallas, Texas to an entity known as Team Jupiter, LLC.

The lawsuit argues Casey received a big commission on the annuity transfer $355,000 and the investment should never have been considered on the real estate loan. It argues Casey was the managing member of Team Jupiter, an inactive Delaware limited liability company; meaning the loan was in effect made to Casey.

The lawsuit seeks millions in relief on behalf of the St. Jude Heritage Medical Group pension plan.


Jim Casey was well known here in the valley for his work with Desert Aids Project, co-chairing the Steve Chase Humanitarian Awards the last several years. He was also a force with the Palm Springs International Film Festival.

Casey's death remains under investigation, he was 52-years-old.

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