Quote:
Originally Posted by SallyB
Thank you for your response. Reading todays update I have very little hope for my parents. GWG has $1.2 Billion in L Bond debt. The life policies they own will not cover the bond debt. Now GWG is looking into Chapter 7 bankruptcy I am not sure what that does to the bondholders. The court again yesterday has not approved GWG plan.
This was a Ponzi scheme everything I have researched doesn't look like the bondholders will come out whole.
My question to my parents is why you trust GWG when we now know they are crooks. Why trust Whitaker when he had no business selling theses risky bonds to seniors.
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Life? Perhaps, older. My parents, both sides, have passed. Roles perhaps reverse. Why did you? How could you have? Why do I remember my mother asking me that?
CROOKS? My brother in law an accountant who was also selling investments, for me a conflict of interest, On her passing I found HE sold some TRASH to my them 86 year old mother, GUILTY? Am am guilty of stupidly trusting my sister and her crooked husband.