Join Early Retirement Today
Reply
 
Thread Tools Display Modes
"Living Trust Mill" scam
Old 08-02-2004, 01:14 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,668
"Living Trust Mill" scam

The California Department of Corporations has forced a Texas insurance company and a broker in California to stop pushing misleading and illegal investment advice that encourages senior citizens to sell assets and purchase unsuitable annuities. Gloria Marguerite Walton of Benicia is a broker for the Texas-based Gentry Group, which operates what the Department describes as a "living trust mill." The Department further claims that Walton lures seniors to meet with her to hear free advice about living trusts when, in fact, she pushes seniors to unknowingly purchase annuities, many of which are unsuitable.
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Funding a bypass trust SecondCor521 FIRE and Money 3 05-24-2007 12:45 PM
Estate Trust question Ziggy FIRE and Money 6 04-14-2007 09:14 PM
How to invest trust funds???? RE2Boys FIRE and Money 10 11-23-2006 11:50 AM
Looking for opinions on this Unit Investment Trust Dude FIRE and Money 15 03-07-2006 10:37 AM
Yet another revocable living trust question. Nords Other topics 14 11-30-2004 01:45 PM

» Quick Links

 
All times are GMT -6. The time now is 01:11 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.