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Old 07-24-2013   #5
StarStruck
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Default Re: Deputy constables inventory ex-NFL QB Vince Young’s possessions

I have been watching American Greed: Scams, Scoundrels and Suckers on CNBC over the last few months, and there are people worth more and smarter than Vince Young who have lost fortunes to white collar criminals.

It appears that some of the financial con artists pay on investments as promised for a year or more, then once the investors really like the returns they are getting and trust these advisors, they begin helping themselves to the investors money. Most end up with nothing, or a pennies on the dollar once exposed. The saddest so far was the widow of a 911 victim who invested with a very reputable firm. Her advisor became greedy, and kept advising after he had been fired from the firm. By the time the widow learned of the theft, most of her money had been stolen to finance his lifestyle. Fortunately, the company he had worked for reimbursed the losses which rarely happens.

I don't know if Vince had a similar experience or squandered without or minimal help, but sometimes the old hole in back yard is safer than some "trusted" investment advisors.
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