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Keith Epstein's Scheme
Keith Lowell Epstein of Farmington Hills, MI comes across as a down to earth trustworthy financial planner. However, this couldn't be further from the truth. He has stolen an estimated $7.4 million from the 12 families that we represent, many of whom are over 65 years old and include one mentally disabled young lady.
In short, Epstein's scheme involves withdrawing substantial amounts of money from clients' investment accounts by sending forged surrender requests. He is able to convince clients to deposit the funds and write checks payable to him (KLE, E & R, etc.). The money which is supposed to be held in a trust account until better investments are available, disappears.
Since the suspension of his license in October, Epstein's new scheme has moved to Florida, convincing clients to give him money which is never invested.
Lawsuits
We currently have two lawsuits in Oakland County against Keith Epstein and others. We will be amending current suits to add new plaintiffs and possibly file a third lawsuit in Florida. We are also in the process of filling an arbitration claim with FINRA against Mutual Service Corporation.
Read our Complaints Against Keith Epstein
> Hentschel et al v Keith Epstein, Epstein Rich & Associates, Ash Brokerage, John Bonner, Mutual Services Corp., Wayne Stewart, Mark Zurek, et al.
> Koscierzynski v Keith Epstein, Epstein Rich & Associates, Ash Brokerage, John Bonner, Mutual Service Corp., Wayne Stewart, Mark Zurek, et al.
How We Can Help
Please call us immediately if you believe that you have lost money to Keith Epstein or other financial planners. We would love to discuss with you the different options available in trying to recover your lost investments.
Links
> State of Michigan Office of Financial and Insurance Regulation
> Order of Summary Suspension
> Order to Cease and Desist
> FINRA Suspends Keith Epstein’s Securities License in January of 2009
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