Quote:
Originally Posted by MDFlyer
I am willing to take my chances on getting sued by Michael Whitaker if, and that is a big if, GWG ever settles. Number one there might be nothing to sue for since his advice has cost me most of my wealth. The first appearances before the judge did not go very far in building my confidence that GWG will ever return any of my money. It looks like suing Whitaker is the only way to get anything back and that is also slim.
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My first name is DAVID. The bible story David vs Goliath, if true the real lesson according to me is that David refused to fight the battle Goliath expected. I would NOT fight in their arena. See my other posted suggestions.
His advice cost me most of my wealth? All need to realize investment sellers are SALESMEN not your friend. Never put most of your wealth into anything. Perhaps too late but hopefully herd by others.
If, I understand what is going on Michael is an employee of a brokerage. Even if he owns the brokerage the company is responsible for Michael's actions if they are unethical. Loss of the license will put the firm out of business.
"First appearance before a judge," Fair or whatever. Our legal system is sort of self perpetuating. Representing yourself to save the outrageous cost for an attorney, you are viewed not with respect but as a bother.
As far as settles, you can bet IF the company is bankrupt, the principals, and legal staff have taken anything of value. Even office furniture will be sold and pocketed.