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"Living Trust Mill" scam
Old 08-02-2004, 02:14 PM   #1
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Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
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"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.
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