- Report: #22996
Complaint Review: Financial West Group / Jeff Gieseke - Westlake Village California
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Author Not Confirmed
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Financial West Group / Jeff Gieseke
2663 Townsgate Westlake Village Westlake Village, California, U.S.A.
Phone:
818-996-3375
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Financial West Group Westlake Village California - Jeff Gieseke loses Your Home! Beware of Stockbrokers Refinancing Your Home! a classic case of Elder Abuse and Fraud. Protect your seniors! Take Heed! Westlake Village / Tarzana California
got senior citizens?
Elder Abuse, Fraud & Deception was used by this particulcar stockbroker under the premise of a company called Financial West. Broker Jeff Gieseke, who befriended parents in the late nineties, may have targeted other senior citizens in the Los Angeles Area and convinced them to refinance thier homes. The equity from my dad's home was then used in order to open and invest with his company and affiliates in areas of high tech stock and other unsuitable investments.
Along with his high school poker buddies, Mr. Gieseke also sells bogus limited partnerships that are very illiquid and not suitable investments for the aged.
If you or your senior have an account with Financal West Group, you should move your portfolio to another reputable broker dealer immediately. My father lost over sixty thousand dollars due to this man's wreckless handling of my father's estate.
Due to the refinancing of my father's home, his mortgage payment has virtually doubled and has reverted back to pure interest.All for a savings of less than 1% Dad is left with a deficit of over $600 a month on a fixed income and may be forced to sell his house.
Unscrupulous financial advisors are active in recruiting senior citizens that may be on medications and or distracted by giving health care to a spouse such as my mother who recently passed away from a debilitating stroke. All it takes is a few cups of coffee and a couple of corny jokes.
Keep tabs on who comes in contact with your elders. Even if it is uncomfortable to discuss financial affairs with your parents, let them know you are only concerned for their well being and preserevation of their assets. Be sure to Pre-screen financial institutions and brokers with the SEC of NASD. Try to aviod legnthy lawsuits and cheap-suit stockbrokers.
If stories like this gives you acid indegestion and you love and respect your parents who raised us and built this country, than give Jeff Giseke a call or better yet talk to the president and cancel your account.
Ed Price- President
Thomas Kruegar- Compliance [email protected]
Financial West
(805) 497-9222 fax (805) 494-4845
Good Son, Steven
Santa Monica, California
Elder Abuse, Fraud & Deception was used by this particulcar stockbroker under the premise of a company called Financial West. Broker Jeff Gieseke, who befriended parents in the late nineties, may have targeted other senior citizens in the Los Angeles Area and convinced them to refinance thier homes. The equity from my dad's home was then used in order to open and invest with his company and affiliates in areas of high tech stock and other unsuitable investments.
Along with his high school poker buddies, Mr. Gieseke also sells bogus limited partnerships that are very illiquid and not suitable investments for the aged.
If you or your senior have an account with Financal West Group, you should move your portfolio to another reputable broker dealer immediately. My father lost over sixty thousand dollars due to this man's wreckless handling of my father's estate.
Due to the refinancing of my father's home, his mortgage payment has virtually doubled and has reverted back to pure interest.All for a savings of less than 1% Dad is left with a deficit of over $600 a month on a fixed income and may be forced to sell his house.
Unscrupulous financial advisors are active in recruiting senior citizens that may be on medications and or distracted by giving health care to a spouse such as my mother who recently passed away from a debilitating stroke. All it takes is a few cups of coffee and a couple of corny jokes.
Keep tabs on who comes in contact with your elders. Even if it is uncomfortable to discuss financial affairs with your parents, let them know you are only concerned for their well being and preserevation of their assets. Be sure to Pre-screen financial institutions and brokers with the SEC of NASD. Try to aviod legnthy lawsuits and cheap-suit stockbrokers.
If stories like this gives you acid indegestion and you love and respect your parents who raised us and built this country, than give Jeff Giseke a call or better yet talk to the president and cancel your account.
Ed Price- President
Thomas Kruegar- Compliance [email protected]
Financial West
(805) 497-9222 fax (805) 494-4845
Good Son, Steven
Santa Monica, California
3 Updates & Rebuttals
Steve
Santa Monica,California,
U.S.A.
satisfied all financial obligations and I apologize
#2Author of original report
Fri, July 23, 2004
I attempted to withdraw this posting but the website owner would not let me do this. Rather I am only able to post an update to my original posting. This is my update, made in lieu of a complete withdrawl of my original posting: I made this report originally out of concern over my father's welfare and certain investments that were made. My comments were made out of fear and anger, but today I acknowledge Mr. Gieseke and Financial West's concern toward a solution for the matter. Today all parties concerned have satisfied all financial obligations and I apologize to Mr. Gieseke and Financial West over the intemperate remarks during both negotiations and within this report. Good Son Steven Santa Monica Ca
JUSTIN
Murrieta,California,
U.S.A.
unfair to blame the entire firm for this unfortunate occurrence
#3Consumer Comment
Sun, November 30, 2003
It is irresponsible and unfair to blame the entire firm for this unfortunate occurrence. By advising clients to pull their accounts from the firm because of one broker's inappropriate actions, you are putting hundreds of careers at risk. That kind of thing can happen at any company. I'm sure that, if you try hard enough, you will find someone at your current employer, or maybe even at your church, or at your childs school who has been involved in some type of fraudulent activity that you wouldn't want to be associated with. If you want to make formal complaint, try the NASD website. Report the individual broker -- don't blame the firm, as they obviously don't condone illegal transactions. Make a difference by considering all the ramifications before you act!!! Thanks...
Thomas
Westlake Village,California,
Response, inaccurate and misleading
#4UPDATE Employee
Fri, July 19, 2002
The information contained in this article is inaccurate and misleading. Financial West Group and Mr. Gieseke do not handle or process real estate or mortgage transactions, nor do we abuse the elderly. If you have any questions, please respond via rebuttal to this report.
