Thursday, 23 September 2010

A Sad Story

Some guy in Buckfastleigh which is a few miles up the road is reported to have received a phone call from a total stranger who asked him to invest in some shares in a bussiness in Estonia that would pay a far greater return than your average shares.

Question; if you were the guy in Buckfastleigh, I'll call him Reg because it's his name, would you

a) hand over £340 000, your life's savings, or

b) hang up and go and make yourself a cup of tea at the same time muttering under your breath, "Do they think I'm stupid or what"?

Most of us the answer would be b; I hope, but Reg decided that handing over his life's savings to make a quicker buck than he was making seemed like a good idea at the time. Now before we go any further I should point out that Reg is 88 years old. Ah you are say, some poor old git coned out of his money but Reg worked as a personnel and legal adviser for a multinational group of companies before he retire so should have had more than 2 or 3 brain cells wandering about inside his head. A few of them should have come together and explained to him that at 88 years of age and £340 000 in the bank he could spend £35 000 per year for the rest of his life and still not run out of money.

As it is he will now have to live on £90 a week state pension poor chap. Like they say, there is one born every minute.

Remember, if it sounds too good to be true then it almost certainly is too good to be true.

Full story in the Herald Express.




Pat said...

Poor Reg, I do feel sorry for him conned out of his savings. At 88 years old he probably isn't as sharp as he once was. What a pity he didn't take advice from anyone before parting with his cash.

newbie said...

That is very sad news.