Complaint Review: Sherrie Shruti Kohli - Chase Financial Services - Camarillo California

I just ran across this complaint again and feel badly for Sherri.   Anyone that has ever known anything about a fixed annuity knows that they almost always offer a return of principal guarntee.    The $18,000 would not apply "unless" it was greater than any accumulated interest. Anonymous attorney is a liar and knows it.

The individual writing the report is quite obviously obsessed.  The follow up is rambling nonsense.

Despite the numerous mispellings, the rebuttal is substantively and factually incorrect.  According to the terms of the annuity, the entire amount could not be withdrawn without incurring substantial penalty, in the amount of 9% of the withdrawal amount or $18,000!  As to trying to get my mother a fixed rate of return, my mother had no need for any more money because she did not spend what she had and did not even know that she had any money, which is precisely why she had $280k sitting in a bank account while she still lived in deplorable, below poverty conditions. The annuity terms were that it was held by AIG for 27 years or until her death at a fixed rate of interest that was dismissal, to which I can prove with a copy of the annuity.  Most importantly, Sherrie Shruti Kohli unilaterally decided the amount of the annuity, $200,000, FIVE DAYS before she ever contacted my mother.  Sherrie Shruti Kohli, according to her own testimony at deposition, filled out the withdrawal slip, in the amount of $200,000, FIVE DAYS before she ever even met my mother or even presented the annuity to my 76 year old mother who had diagnosised dementia and had a note on all her J.P. Morgan Bank accounts to NOT transfer more than $5000 before contacting me!! Sherrie Shruti Kohli, Barry Hovis, Walter J.R. Traver, Richard B. Davis and Melissa Griffin are all elder abusing criminals that should be incarcerated.

To update the initial report and respond to "Warren Buffet's" rebuttal, Sherrie Shruti Kohli and J.P. Morgan Chase Bank's financial elder abuse is even worse than initially reported by me.  Discovery during the civil suit evidenced that Sherrie Shruti Kohli filled out the withdrawal/deposit slip in the amount of $200,000 three days before she even called, contacted or met my mother.  Stated another way, Sherrie Shruti Kohli filled out the annuity deposit slip in the amount of $200,000 for my mother to sign three days before she ever talked with my mother about the annuity. 

Moreover, under penalty of perjury, Sherrie Shruti Kohli, stated that she decided on the amount of $200,000 for the annuity, prior to ever meeting my mother.  The annuity contract was for five years with substantial penalties for early withdrawal.  The 29 years was for the term of the annuity, but the bigger point is that my mother would not and did not know she had bought an annuity!!  She could not reverse or undo something that she did not know that she did!  That is exactly how elder abusers like Sherrie Shruti Kohli, Melissa Griffin, Walter J. R. Traver, Barry Hovis, Richard B. Davis and J.P. Morgan Chase Bank, N.A. operate because the people they fleece have no memory of the transaction!  I will attempt to attached a PDF copy of Kohli's deposition, but if you want a copy contact me. 

Additionally, the annuity was sold by Western National Life Insurance Company, who is no longer legally allowed to do business in California.  You know them as AIG.  My mother's money was completely safe in the FDIC insured bank where it sat, untouched, for three years prior to Kohli and company pulling their scam. Lastly, the supposed "advantage" to the fixed annuity was that it avoided Probate.  The important cavaet was, according to the terms of the annuity contract, WNL could take up to five years to pay the annuity after notification of death.  Ask yourself: If you owed $200,000 to someone would you pay them immediately or five years later?

 1.) The annuity at issue alloted for the return of principal at any time.  Meaning if that client were unhappy with her decision she could ask for her principal returned.   In turn, any commission paid to the broker is reversed. This fact makes everything charged against Sherrie either, presumption, opininion and falsifications.

2.) The complaint states the annuity containted a 27 year term. Unfortunately no such financial product is in existence.   Clearly the attorney was mistakenly looking at the the "date of "annuitization" and failed to state the details in very viciously attacking the broker, who was likely just trying to get a fixed rate for the cleint.

I have know personal connection to the issue, but was sickened by the complaint.