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Schwab YieldPlus Investments Mishandled
The Charles Schwab Corporation wasn't honest with investors: that's what a
Federal Judge said a recently discovered corporate e-mail could mean for
real people who lost money on YieldPlus investments.
Were you one of the investors who trusted Schwab Investments with your money
and ultimately became a victim of poor investment and mis-management of
funds? So far there are over $19 million worth of individual complaints
regarding these fraudulent investments. An e-mail from a Schwab Corporation
managing director, who reviewed the firm's securities and investments,
including the YieldPlus accounts, says that the company should issue a "mea
culpa" (Latin for "my fault") to customers and admit that the firm was not
completely honest with investors.
This e-mail, among other mounting evidence of poorly managed funds, means
that investors who were hurt by the fraud and dishonesty of the Charles
Schwab Corporation can find justice and seek compensation.
YieldPlus bonds have been very risky from the beginning-something Schwab new
about their own investments but didn't tell investors. The money placed in
YieldPlus accounts was invested in subprime-mortgage-related bonds, which
mean unsure investment in a failing housing economy.
If you lost money because of the dishonesty of the Charles Schwab
Corporation, the experienced attorneys at The Hayes Law Firm may be able to
help.
Call or email us for a free consultation on your rights. The Hayes Law Firm at (713) 862-2152 or
dhayes@dhayeslaw.com.
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