Variable Annuity Contract Theft

Stockbroker Law - Friday, October 28, 2011
Variable Annuity Contract Theft

In the past several years, a number of criminal, regulatory, and civil claims have been filed by victimized investors, who have had monies and assets fraudulently diverted from their variable annuity contracts.  Oftentimes, these variable annuity contracts are held in Individual Retirement Accounts and individual retirement annuity accounts maintained by trusting, unsophisticated investors, who are easily preyed upon by their trusted financial advisors. 

Fraudulent schemes involving theft of monies from variable annuity contracts often go undetected for a number of years, as the owners of these accounts usually do not plan on accessing the funds until many years down the road when they retire.

If you feel you have been victimized or have had monies wrongfully taken from your variable annuity contract, we offer a free initial consultation to advise you of your rights.

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