Restitution for 17 Conned Out Of Their Estate Planning Funds

We all plan on a future of retirement and enjoying our lives. Some even go so far as to plan out their estate for the younger generations to be secure financially. Much planning and investing has to happen in order for that to occur. Finding the right person to assist you in that process is crucial. Getting the wrong person can be detrimental to your future.

http://www.freedigitalphotos.netSan Diego Country residents, Victor Loh and his wife, Jannett Bidwell, created that bond with many elderly people as financial planners and insurance sales representatives. They conned 17 people into investing money in bogus investments the couple could easily transfer out and use on things like expensive cars, horses and trips. These lump sums were savings from people who were looking into investing in their future but instead were schemed out of their hard earnings.

December 27, 2012, Loh was convicted to six years and four months in state prison for lying to the 17 people out of their $4.25 million that went back all the way to 2008. By him pleading guilty to all four counts, he will now have to pay a restitution of the total amount. His wife, Bidwell, will be sentenced later this year hopefully on June 26, 2013.

Choosing an estate planner who can help you with not only your retirement but your estate after death is crucial. You want someone you can trust and who has the experience for the undertaking. An Illinois experienced estate planning attorney is your best bet to insuring the future of your assets.

 

 

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