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Author: 2old4bs Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 753082  
Subject: Re: Retirees cheated - greed or ignorance? Date: 4/18/2004 10:11 AM
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"They were pumping you up that we were all set and had plenty of money to retire," Mr. DeCoste recalled.

Ms. Taylor said Mr. Cessna told her that she could earn enough money in the stock market to withdraw as much as $3,000 a month.

"The amount of money we had, he said, in a matter of a few years we could possibly be millionaires."

Exactly the way almost all con jobs work--appeal to the victim's greed, and they can't resist.

Although it is sad, human nature is such, that no matter how many people are conned in this way, everyone else who knows/hears about it thinks they are too smart to have it happen to them--until it does.

Luckily for these folks, they were able to get their money back due to the excessive fees and lack of broker 'supervision'.

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