Son Goku
No lover of dogma
- Joined
- 14 Jun 2004
- Messages
- 1,980
Was on the phone with my mother a moment ago. From what she said, the money they had given an investor to invest on their behalf is all gone now. I'm gathering it amounts to the retirement money they had saved up over the course of a lifetime, from how she described it.
The stock they put my parents money on devalued, and the person who was their own broker was out of state or something. The person who was put in charge of their finances for the time being, did nothing, and watched their investments dwindle to nothing, while doing nothing to try to reinvest it the whole time... Apperently my parents got a lette of appology from her, who admitted to having been negligent with their money. My father is now 80, and my mother is 67 years old...
As of now, I'm gathering all their savings are gone (from the sound of what my mother was saying) and they're not sure what to do. I suggested that they might have a legal case which can be made for this. She plans on asking a lawyer friend of theirs (when he comes to the house) if any legal recourse is left open to them...
The stock they put my parents money on devalued, and the person who was their own broker was out of state or something. The person who was put in charge of their finances for the time being, did nothing, and watched their investments dwindle to nothing, while doing nothing to try to reinvest it the whole time... Apperently my parents got a lette of appology from her, who admitted to having been negligent with their money. My father is now 80, and my mother is 67 years old...
As of now, I'm gathering all their savings are gone (from the sound of what my mother was saying) and they're not sure what to do. I suggested that they might have a legal case which can be made for this. She plans on asking a lawyer friend of theirs (when he comes to the house) if any legal recourse is left open to them...