[00:00:01] Bob: This week on The Perfect Scam.
[00:00:03] Marcia Gray: He would always say, “Your mom has more money than she will ever know what to do with. I’ll never put you into anything that I wouldn’t put my grandmother in.” You trusted him.
[00:00:12] Charlotte Annas: At some point we went to Roger, and we said, “Can we get this $150,000 back?” And he said, “No.”
[00:00:22] Bob: Did he give an explanation?
[00:00:25] Charlotte Annas: It was not liquid. You couldn’t get it back. We knew something was terribly wrong.
[00:00:35] Bob: Welcome back to the Perfect Scam. I’m your host, Bob Sullivan. When you give your money to someone and ask for help planning your retirement, you’re engaging in a remarkable act of trust. Trust not just at the person or company will help your nest egg grow, but that your cash will be safe. So when that trust is violated, a sacred promise is broken, lives are ruined, and the fabric of trust is ruined for us all. There are plenty of honest financial advisors out there who only want the best for their clients, but it is absolutely critical that you take a keen interest in who is caring for your nest egg. It’s okay to ask hard questions, even to be a little cynical. Today’s story will help you see why. Let’s meet three amazing people from three families who, probably like you, had worked their whole lives just to save up a little money that they planned to enjoy in their later years. They are strangers, but they…
