Life Partners Inc LPI Financial Service, Inc Deceptive, illegally charge fee back fee on Oct 2014 for period 9-2013 to 8/2014 waco Texas
I have the same situation like so many other investors. This particular investor listens the radio show featuring Jeff Bolton in the DFW, Tx area. I listens the radio show called "PRESERVING YOUR RETIREMENT" by cowley financial in Forth Worth. I have purchased several policies in 2008 and paid tens of thousands upfront. I am still paying thousands of dollors each year until don't know when?????. All of the sudden, LPI decided to come up with new fees called : "PLATFORM SERVICE CHARGE".
I received a bill in Oct, 2014 and the charges stated" billing period is for Sept -13 to August-14. Sounds ridiculous. They just come up with the idea to extort more money from invenstors and back billing investor for 2013??
Anyone knows any class action lawsuit against this Lift Partner Inc?. Do not listen to this "PRESERING YOUR RETIREMENT" show because it is a "LOSING YOUR RETIREMENT" SHOW.
2 Updates & Rebuttals
Wan
mckinney,Texas,
Good information
#3Author of original report
Fri, January 02, 2015
Thank you so much for the information. I have not pay my fee yet. but looks like I do not have any choice because if I don't pay , I will lost all my investment. Any one knows any other option?
JohnW
Dallas,Texas,
Recent article on the LPI problems
#3Consumer Comment
Wed, December 31, 2014
Here is a recent article that appeared in the Dallas Morning News paper. Interesting that it appeared in the Metro section of the paper rather than the financial section. Detailws the hitory of the ompany's problems and issues.
http://www.dallasnews.com/investigations/watchdog/20141211-watchdog-investors-in-waco-company-fear-for-their-future.ece