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  • Report:  #749342

Complaint Review: Patrick Paul Shannon

Patrick Paul Shannon Morgan Stanley/Smith Barney Lost my entire investment in just a month,he promised alot,said it was not risky ! Internet

  • Reported By:
    Richard allen — henderson Nevada United States of America
  • Submitted:
    Tue, July 05, 2011
  • Updated:
    Tue, February 05, 2013

Milked alot of people out of money by investing in bad investments,losses were supposed to be tied into an IRA,I saw my investment go down in the first month and never recoverd.
This person was sued by some investors.

1 Updates & Rebuttals


Karl

Highlands Ranch,
Colorado,
USA

Richard,

#2Consumer Comment

Tue, February 05, 2013

You can stay at this website and type in- STOP RUNNING RIPOFF, and scroll down to Consumer Comment #3 at Ripoff Report #269041, entitled "Blame it on a Lawyer" and read it for important information.

Here is a quote from fourth paragraph in Consumer Comment #3:

QUOTE: "There are corporations listed on the stock exchange whose sole purpose is to line the pockets of the top executives with MILLIONS of dollars in cash." - August 21, 2007.

Fact: Thirteen months later, in September of 2008, the stock market crashed and the financial system in the USA collapsed. On September 29, 2008, the Dow Jones lost a record 777 points. The American people were forced to bail-out the failed system with hundreds of billions of dollars in taxpayer's money from the TARP.

You can 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch that documentary on the web for proof.

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