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  • Report:  #48662

Complaint Review: Joseph Gale Aka The Investment Center - Richmond Virginia

Reported By:
- Tucson, Arizona,
Submitted:
Updated:

Joseph Gale Aka The Investment Center
11175 Ridgefield Parkway, Suite 105 Richmond, 23233 Virginia, U.S.A.
Phone:
866-740-8065
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
I trusted this man with my life's money as well as child support I received for two of my children. He fast talked me telling me my other invest man was making excessive profits from my account and had me invested all wrong. Joe Gale proceeded to invest me in B Share funds and stocks in many small accounts to further improve his income.

I should have been in A Shares with no fees. He had me over concentrated in high risk stocks and dot coms. He did excessive trading. Kept me in the dark about what he was buying and selling and the real reason for doing so. Whenever I asked about anything, he assured me things were great (yeah, for him) not to worry.

He never took my needs into concern. I would be considered retired and he invested me as if I were young and employed. He used my children's money to invest in extreme volatile stocks assuring me that was the way they should be invested. My children lost approximately nine tenths of their money totaling between them close to $200,000.

I have lost between 2/3rds and 3/4ths of my money or approximately $1,000,000. Instead of realigning my portfolio when I was concerned, he told me since I lost faith in him to take my money elsewhere. I have been trapped because he created a debit account where I drew my living expenses. Back end fees would further cripple me. I

f you are able to help, that would be a blessing. I have a friend who also lost because of this man's aggressive investing. My friend is a retired gentleman. I know there are many others like wise in dire straits as I am.

Miriam

Tucson, Arizona
U.S.A.



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