"Free Lunch" Seminar Scams

Posted on September 11, 2007 by

I saw first hand the havoc caused by "financial planners" who used that self bestowed title to sell improper investments to seniors. Many were cheated out of their life savings while the "financial planner" made his money and went on to the next victim. Beware! There is no "free lunch" as this article demonstrates. Investigations actually showed that many of the free lunch seminars were:

high-pressure sales pitches masquerading as educational sessions, pervasive misleading claims for unsuitable financial products, and even fraud.

Seminars are useful tools to learn about investing and estate planning from experienced professionals. However, care should be taken to ensure that the seminar is an educational experience. Avoid seminars that are touting the latest and greatest product, investment, living trust, etc.

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AZ Estate Planning & Probate - February 5, 2008 8:54 AM
I wrote a post about my experience with trust seminar scams here.Basically, an unscrupulous financial planner sells an estate plan, usually based upon a living trust for free. This strategy is a trojan horse meant to get the crook past...
AZ Estate Planning & Probate - February 13, 2008 8:39 AM
I wrote previously about my experience with Annuity Scams and Living Trust Scams. Every time I think about that experience I get a pit in my stomach. So called "advisors" took advantage of their client's trust and wrecked the lives...
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