2 investment managers defrauds clients 33

Another Area of Personal Injury cases and tort law is fraud. The U.S. Securities and Exchange Commission has accused two former Wachovia Securities representatives with defrauding customers of more than $8 million. According to the lawsuit, the two investment managers “told clients their investments were a ‘sure thing,’” and that they would see 35 percent returns. In 2008, when the stock market plummeted, the mens’ 42 clients lost more than $8 million.  San Diego Personal Injury Attorney Staff Report, United Press International  12/16/2010

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