“If it sounds too good to be true....”
I remember relatives telling me about the magical energy company called Enron, who somehow made money just from wheeling and dealing.
Today, on talk radio, I hear a heavy push for some new company called, “Senior Planners Financial” or some such. They promise 7.5% per year, guaranteed, adn you can’t lose your money. It’s amazing that talk hosts are taking their money and reading their scripts. It’s so obviously bogus.
with my mom it was “well, doctor so and so has done well or mrs “blank” who owns the lumber yard just loves Bob etc...
and then the big hammer: “your father left this account for me to have just as my own to play with and this is the only part of the family businesses you don’t control Mr Big Shot so leave me alone with this please, I’m not stupid you know, I birthed you 50 years ago need I remind you”
what are you gonna do when grandma pulls out the big guns?
man, was she ever humiliated.....I felt worse about that than losing the cash...she couldn’t even talk about it without boo-hooing...she was so upset and in her last year sick already....I really never had a choice but to let it ride...like watching a train wreck in slow motion
rumour has it had he not offed hisself someone woulda done it for him
he fleeced some less well off folks of all they had