Submitted by nostradamus on February 28, 2008 – 6:35pm.
I looked at the complaint. Oh my goodness.
(1) commit to a three year investment; (2) turn over all of their financial affairs to PWM; and (3) ask no questions of PWM management regarding the use of their funds or credit.During the summer of 2006, PWM began applying for credit cards and opening new lines of credit in the names of individual investors. Investors Were then contacted by a PWM representative, who directed the investor to draw down the maximum amount on all of the credit cards and to wire the funds to TRF or one of the Duncan Companies as an additional investment.
Coreclient and conned by crooks,
I have to admit I had the exact same reaction that Nostradamus had when i re-read the pdf. I didn't originally want to post, but since someone already has…I mean, we're not talking about you just taking say $5000, $10k, or even $100k, leaving it with a financial "advisor" and him/her cheat you out of the money you left that person. You folks let people take over every aspect of your financial life, essentially giving them like "power of attorney privileges" to do whatever the hell they wanted. This really befuddles me that #2 and #3 above in the pdf didn't set of any alarm bells?
Again, not pouring fuel over the fire, it's just that I dumbfounded that this was left wide open. I wish you good luck with your endeavors.
