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You may have lost money in your investment portfolio,
due to mismanagement and not even know it.

Even friends can take advantage of our trust

Our world is built on personal relationships. When establishing a new business, running a busy practice or climbing the corporate ladder, we reach out to the people we have met and who made a positive impact on us for support and to verify our decision making processes.

For busy professionals, that often means hiring on a financial planner. Maybe you need the help because you don't have the time to do it yourself. Maybe you just want it taken care of for you. With all of your hard work, you have the money to pay someone else to handle the details so you can spend your free time with your family.

As time goes on, it becomes easier to focus less on the small details as you enjoy the fruits of your labors. After all, you did put people you trust in the right position to supervise your investments.

Trust, it is the most valuable asset, until it is broken

Unfortunately, in the world of business, money is king and is often one of the oldest motivators when getting somebody to abandon the straight and narrow. It happens more often than you might think - even with friends.

The betrayal of a friend or trusted advisor can be cutting and personal when security is undermined and assets stolen. After all, these are the people that you selected with careful deliberation.

However, it is a story that repeats over time. No matter how successful, affluent and educated a person might be, we can be blindsided when it comes to those who take trust freely given and sell it to the highest bidder.

A real life example with millions at stake

Even Darren McFadden, a running back for the Dallas Cowboys and former Oakland Raider, found himself at the short end of the stick when his financial advisor garnered his trust, managed to have power of attorney assigned to him, and emptied McFadden's bank accounts to the tune of $15 million. That advisor had been a family friend prior to McFadden's rise to the NFL and a lucrative contract.

It can feel as if the victim of fraud is to blame, and many victims of financial fraud feel as though they "should have known." But, the truth is that a criminal took advantage of a situation. Whether better decisions could have been made is a moot point once the illegal activity is detected. Time spent on self-recrimination is a waste. Taking action to fix the problem is far better.

The golden rule for anyone: if you suspect fraud, pick up the phone. At The Law Offices of Marc I. Zussman, we know that financial fraud isn't easy to detect. Our attorney has spent years honing his investigatory skills, and he knows a case when he sees one. It's why we are able to offer free case reviews to anyone who suspects that they might be the victim of securities fraud.

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The Law Offices of Marc I. Zussman
10250 Constellation Blvd.
Suite 2300
Los Angeles, CA 90067
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Local: 310-525-3516
Toll Free: 866-451-2517
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