Lottery Winners Beware – The Odds Are Not in Your Favor
Lottery winners are oftentimes the biggest losers when it comes to
entrusting their lottery awards
to financial advisers. Stories of lottery winners going bankrupt within a matter of years after
winning millions are common.
Lottery winners are also common victims of unscrupulous financial advisors,
securities fraud, and theft-type schemes.
The common thread in lottery winner victimization is a convincing and
controlling claimed financial professional, who improperly dumps lottery winnings in unproven,
speculative and high commission products such as private placements, private business transactions and
notes, unnecessary insurance products, and other generally excessive fee-generating activities, all
provided under the umbrella of estate planning and asset management.
If you are a lottery winner who has been victimized by a financial adviser
or other investment professional, we offer a free initial consultation to address your concerns.
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