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Hutchinson & Associates ripoff con-artist took us for all we had - financial advisor stole over $20,000.00 Lake Havasu City Arizona
Hutchinson & Assoc., who is Sherri Hutchinson, was hired last year by my husband and myself, to be our financial advisor after my husband got an inheritance from his step-mother. Sherri talked us into putting every cent of the money into an account in her name only, so she could "better" manage it. We have never had any money, so this was a God send for us.
We trusted Sherri or we would not have let her do this to us. She was helping us get a monthly accounting of our finances, so we could better manage our money. Long story short, we received the inheritance in March 2002, and by Oct 2002 ALL of it was gone, which was $74,500.00.
Sherri billed us for the work that she had done, but at my husbands request, would never give us a final statement of where the money had gone. All of the sudden, POOF it was all gone.
Sherri said that she didn't owe us an explanation of anything, even though we hired and paid her as our financial advisor.
Since then, we have gone to see an Attorney, but he said that even if we would probably win the suit, it is getting her to pay us the money back that she had embezeled is nearly impossible, as she could have everything that she has put in someone elses name. By the way Sherri lives on the golf course (big bucks), while we on the other hand are on food stamps now.
Sherri has since still trys to get her clients to put everything in her name. I just want everyone out there to know that if you ever come to Lake Havasu, Az. PLEASE do not hire her as your advisor. Because of Sherri, we are now out $20,000.00
Diane
Lake Havasu City, Arizona
U.S.A.