Summary
It started with a phone call, or that's how Reuvo Bagley remembers it.
On the other end: a "very nice" woman selling an insurance policy that Bagley said sounded too good to be true, though she can't quite recall what made that policy different or better than any other.See the full content of this document
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"I trusted the saleswoman, is I guess what it was," Bagley said. "She was a very nice person."
It wasn't until later, after a dinner meeting with investment adviser Kelly F. Bills, that she began to wonder. And not even then, really."The policy took me $2,000 to get it, and then they were taking out the yearly payment out of the principal," said Bagley, who is in her 80s. "I didn't know how it worked."Here's how it "worked," according to Bills, who spent a...See the full content of this document
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