“As through this world you wander you’ll see lots of funny men, some will rob you with a six gun and some with a fountain pen” (Woody Guthrie, Pretty Boy Floyd, 1939).
“Free lunch” seminars are a favorite tactic used by today’s fountain pen robbers who target mostly elderly retirees with substantial assets. They know that audience members are unlikely to be vigilant investors looking for fraud or they would not be there in the first place. Unfortunately, many audience members come there looking for someone to trust. That is often their first and fatal mistake. One recent example of this can be found in an article entitled “Men Charged in $28 Million Investment Scheme.” (more…)
Another Day, Another Financial Services Company Caught Stealing From Investors
You can be disgusted, but please don’t say that you are surprised.
You can be disgusted, but please don’t say that you are surprised at the latest revelations of a big financial services company stealing hundreds of millions of dollars from its customers. The facts are still rolling in about PFGBest after the CEO of the Cedar Falls, Iowa-based international futures broker attempted suicide outside company headquarters. According to The Wall Street Journal: (more…)