Not all financial advisors can be trusted, and this sad fact
of life has been proven in the case of Ralph A. Saviano, an unscrupulous
financial advisor who is currently awaiting sentencing for his scamming crimes.
Saviano, who was a township financial advisor in Bridgewater, New Jersey, was
recently charged with stealing thousands of dollars from his clients. Many of
his clients came to him for advice on education
planning for their children or were elderly and not very savvy about
financial matters. Unfortunately, instead of the advice and support these
clients hoped for, they got scammed out of large sums of money.
Saviano admitted to stealing $138,000 from a multitude of
clients, money which he used to finance his own lifestyle. Promising the
investors he would use the money toward education planning, securities, and
business matters, Saviano instead used it for home improvement projects and
other personal gain. While the results of the sentencing are still unclear, one
can only hope that Saviano will get the maximum punishment allowed by law.
Avoid entrusting your money to crooks like Saviano; go with
financial advisors with proven track records of reliability, like those at
Platinum Financial Associates of Naperville.
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