Talk of The Villages Florida - View Single Post - Need help for my parents they have GWG L Bonds with Michael Whitaker and Associates
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Old 05-13-2023, 02:47 PM
MDFlyer MDFlyer is offline
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Originally Posted by Gpsma View Post
Didnt you ever review your portfolio and question what and why he invested in these bonds and other securities. Or did you blindly give him money and tell him to invest only in safer investments?
Since we did not know a lot about investing we had to place our trust in Michael L Whitaker and Associates to only suggest investments that were low risk as we instructed. If you have read this whole thread you will notice that Michael did as we instructed for many years but as his need for more and more financial profit took over him he shifted to selling his clients higher risk and correspondent higher commissions for him. This change was deliberately gradual and we did not have any reason not to continue to trust him. We started with him in about 2011 just about the same time he started. Of course, he says Michael L Whitaker and Associates has been in business for 38 years but the records say something entirely different. Another deception?