Originally Posted by Gpsma (Post 2216350)

I suspect that Whittaker didnt sell as much as the few posters, who ignored their investments, are complaining about it now.

They were taken and now regret they didnt exercise due diligence.

Originally Posted by dhsmith (Post 2216426)

We started investing with Whitaker about 8 years ago and have made a lot on money since then.Yes we bought GWG bonds back in 2017 and for about five years they were great and we made money. The last 18 months the gravey train stopped.So far we have not lost any money and won’t know what if any lost will occur until the Federal Bankruptcy Court rules on the recommendation of the committee.We may not lose any money and will to receive repayment over several years hopefully that happens.

I’m 75 years old and listened to the sells pitch and I alone made the decision to invest $130000.00 over 5 years in GWG L Bonds.All investments aren’t home runs you hope they are but you have to take the good with the bad and hope it balances out in the end.


What I really dislike is people who won’t take responsibility for their actions and want to blame everyone else for the decisions that they have made, unfortunately this has become norm in the last 20 or 30 years to cry and wine when things don’t don’t go as planned.

Originally Posted by dhsmith (Post 2216426)

We started investing with Whitaker about 8 years ago and have made a lot on money since then.Yes we bought GWG bonds back in 2017 and for about five years they were great and we made money. The last 18 months the gravey train stopped.So far we have not lost any money and won’t know what if any lost will occur until the Federal Bankruptcy Court rules on the recommendation of the committee.We may not lose any money and will to receive repayment over several years hopefully that happens.

I’m 75 years old and listened to the sells pitch and I alone made the decision to invest $130000.00 over 5 years in GWG L Bonds.All investments aren’t home runs you hope they are but you have to take the good with the bad and hope it balances out in the end.


What I really dislike is people who won’t take responsibility for their actions and want to blame everyone else for the decisions that they have made, unfortunately this has become norm in the last 20 or 30 years to cry and wine when things don’t don’t go as planned.

Originally Posted by dhsmith (Post 2216426)

We started investing with Whitaker about 8 years ago and have made a lot on money since then.Yes we bought GWG bonds back in 2017 and for about five years they were great and we made money. The last 18 months the gravey train stopped.So far we have not lost any money and won’t know what if any lost will occur until the Federal Bankruptcy Court rules on the recommendation of the committee.We may not lose any money and will receive repayment over several years hopefully that happens.

I’m 75 years old and listened to the sales pitch and I alone made the decision to invest $130000.00 over 5 years in GWG L Bonds.All investments aren’t home runs you hope they are but you have to take the good with the bad and hope it balances out in the end.


What I really dislike is people who won’t take responsibility for their actions and want to blame everyone else for the decisions that they have made, unfortunately this has become norm in the last 20 or 30 years to cry and wine when things don’t go as planned.

Originally Posted by MDFlyer (Post 2217248)

Losing money is not a matter of your outlook on where your money went but a matter of it gone and may never be coming back. Yes, you did lose money, $130,000 less the few thousand you may have gotten back from the dividends over the years. The losses you are experiencing now may never be recovered. From what you have said, Michael L Whitaker and Associates did exactly what you instructed him to do. He invested your money in high-risk bonds and you lost. For most of the rest of us he did not act as a fiduciary and against our wishes put us in high-risk investments. This does make you wrong or us wrong it just makes Michael L Whitaker and Associates wrong.

Originally Posted by Gpsma (Post 2217341)

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?

Originally Posted by MDFlyer (Post 2217346)

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?

Originally Posted by Gpsma (Post 2217378)

So he would suggest investments and you would then approve them? Or did you just give him a sum of money and told him only low risk?
Before you moved here did you have an investment adviser you were happy with?

Originally Posted by MDFlyer (Post 2217379)

You are beginning to sound like a plant working for Michael L Whitaker and Associates. I am not going to respond to any more of your messages.

Originally Posted by Gpsma (Post 2217398)

I think if you look back at my posts you would not have made that comment.

Originally Posted by MDFlyer (Post 2217401)

When you start asking personal questions about my actions and dealings with Michael L Whitaker and Associates you look like someone collecting information for him to use in his FINRA defense. Michael: If you want to talk with me about a settlement please email me to set up an appointment.

Originally Posted by Gpsma (Post 2217402)

All u have to do is look at my postings on here and you would realize im not someome working for whittaker.

I was just curious how u got involved and then got scammed.
I suspect you are very bitter..sort of like someone who left the door unlocked and got robbed.

Originally Posted by SallyB (Post 2218417)

I have been getting some private messages from some of his clients and past clients. The one that really surprised me was from someone that stated Michael sold their GWG in 2021 because GWG didn't file their annual report in 2021, they questioned why we didn't pull out then. Well, my parents were not told what was going on until it was too late.
Again, Michael knew there was a problem but only helped a few.
Why would only some of his clients get pulled out of GWG and not others. How did he pick and choose who was lucky and who was unlucky?
I think that is a question all of you should be asking him. Why didn't you pull all the clients out of GWG, why did he pick and choose who he pulled out?
Would he have lost some of his commissions? I really would like to know because it makes no sense.
As I said before the lawyer, I spoke to stated at one point Michael had somewhere around $6 - 10 million in GWG.