LERMAN LAW FIRM REQUESTS ASSISTANCE FROM WHISTLEBLOWERS WITH EVIDENCE OF SELF-DIRECTED IRA CUSTODIANS FACILITATING PONZI SCHEMES

  REQUEST FOR ASSISTANCE FOR VICTIMS OF PONZI SCHEMES FACILITATED THROUGH SELF-DIRECTED IRAs

The SEC has launched an investigation into the activities of purported Self-Directed IRA Custodian Equity Trust. However, the issue of Self-Directed IRA Custodians facilitating fraudulent investment schemes and Ponzi schemes is an industry issue not limited to Equity Trust.  The Lerman Law Firm is requesting that all whistleblowers and witnesses with direct knowledge and information concerning Self-Directed IRA Custodians facilitating, aiding, abetting, advertising, soliciting for, and promoting fraudulent investment schemes contact Cathy Lerman at 954-332-1143.  All information provided will remain confidential.

We know there are many former employees of Self-Directed IRA Custodians who are aware of their wrongful conduct and the devastating losses incurred by their customers through fraudulent investments funded through Self-Directed IRAs.  It is time to help these thousands of people by supplying the information necessary to bring all of the Self-Directed IRA Custodians, who helped fraudsters swindle their own customers, to justice.

Please contact Cathy Lerman at 954-332-1143 to provide assistance to these victims and aid in prosecution of these Self-Directed IRA Custodians.

EQUITY TRUST EMPLOYEE STEALS FROM THEIR CUSTOMERS

http://www.fbi.gov/minneapolis/press-releases/2013/sioux-falls-man-pleads-guilty-to-wire-fraud As all of you know, I am not a fan of Self-Directed IRAs. I am not a fan because the administrators and custodians that "manage" them actually do very little, charge hefty fees and use their adhesion contracts to negate any liability on their part- even for fraud.  So you can imagine my surprise when I read the above story about an Equity Trust employee in South Dakota who through the knowledge gained working at Equity Trust assumed the identity of Equity Trust customers and took their money!

How in the world could that happen? Because if you read Equity Trust's website you will see that they are compliant, secure, have the best employees and are heavily regulated.  Yet their own employee took the retirement monies of their customers and they processed the transactions!

If I were an Equity Trust customer, I would be very, very concerned about my account.

The cases that I deal with concern Ponzi schemers who perpetuate investment fraud through Self-Directed IRAs.  But this story takes it to a whole new level.

And those of you who still  have money left or a viable investment at Equity Trust- should take this as a warning.  All the best, Cathy