Riverbend Investment Management Swindled, Scammed -- Excessive fees Godfrey IL
I took my life savings of 120,000 to donovan j ehrman. I worked for minimum wage ALL my life. Donovan did NOT disclose he would NOT be acting as a fiduciary. Donovan did NOT dislcose he would be acting in his own interest to maximize his commission.
After a 40 minute sales pitch, I lost 4500 -- 8 months of take home pay for me. I was placed into an illiquid variable annuity with annnual fees of 4.65%. donovan financially exploited a trusting, vulnerabe 74 Y O widwon with 2 disabled sons.
PLEASE avoid this con artist, salesman, scammer
2 Updates & Rebuttals
gary
Alton,Illinois,
United States
Beware
#3Author of original report
Fri, November 04, 2022
Drunk driving conviction.
Excessive fees.
Financial explotation.
Elderly abuse.
Generates commi$$ions for himself.
Does NOT act as a trustworhty fiduciary.
NO integrity.
Can not be trusted.
Jerry
Arkansas,United States
Almost lost $6,500 to this investment scammer.
#3Consumer Comment
Wed, October 12, 2022
Hey Alton I also fell victim to this scammer,I would have lost $6,500 to him. I reported to the police but nothing was done,I then made a complaint to the Global anti-scam authorities online who suggested I contacted RMCLTD a fund recovery company.
I contacted them on; rmcltd @ protonmail.Com and also filed a complaint report on; mailxto.com/crw9ys With the information and details of the transactions I made to the scammer they helped get back my funds.