

Ben Foldy
Reporter on the Wall Street Journal's investigations team who researched and explained the financial and regulatory issues involving surrogacy escrow firms such as SEAM.
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Mar 13, 2026 • 26min
Fertility Inc.: ‘Our Money Was Gone’
Ben Foldy, a Wall Street Journal investigative reporter, unpacks the money trail behind fertility escrow accounts and alleged fraud at SEAM. AnnaMaria Gallozzi, a mother and cancer survivor, shares how surrogacy turned into a financial nightmare. They explore missing escrow funds, unpaid surrogates, second mortgages, weak oversight, and a legal fight shaking hopeful families.


