New Westminster woman says investment advisor defrauded her of 160 thousand dollars

Vancouver, BC, Canada / (CKNW AM) AM980

A Vancouver lawyer is hoping his client’s case is a firm reminder to be cautious of whom you trust your money with.

Larry Gold, who is representing New Westminster woman Shera Rael, alleges her investment advisor, Robert Allan defrauded her of 160-thousand dollars.

Gold claims Allan used his fa├žade to lure the retired housewife into making a series of investments which were not secure, and not likely to create return.

“People can be very very naive, and there are lots of people out there that re prepared to take advantage whenever they can. care and caution is always the word, and if it sounds too good to be true, it probably is.”

None of the allegations have been proven in court.

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