Post by pavel on Apr 18, 2016 2:59:21 GMT -6
Fort Worth investment adviser’s clients see savings vanish as firm is shut down
FORT WORTH -- Mike Larose remembers when he and his wife first heard Jim Poe’s pitch.
Advising Larose and his wife, Mariann, about how to handle $120,000 from an IRA, Poe told them it was a sure thing to invest in the insurance policies of the old and ill. The couple could double their money within 10 years, he told them, making it easier to retire early.
Mariann was skeptical, and thought it sounded too good to be true.
But Poe pushed.
“He looked her in the eye, and put his hand over hers, and said, ‘Everyone dies,’ ” said Mike Larose, a 63-year-old marketing consultant in Woodhaven.
Read more here: www.star-telegram.com/news/business/article72221907.html
FORT WORTH -- Mike Larose remembers when he and his wife first heard Jim Poe’s pitch.
Advising Larose and his wife, Mariann, about how to handle $120,000 from an IRA, Poe told them it was a sure thing to invest in the insurance policies of the old and ill. The couple could double their money within 10 years, he told them, making it easier to retire early.
Mariann was skeptical, and thought it sounded too good to be true.
But Poe pushed.
“He looked her in the eye, and put his hand over hers, and said, ‘Everyone dies,’ ” said Mike Larose, a 63-year-old marketing consultant in Woodhaven.
Read more here: www.star-telegram.com/news/business/article72221907.html