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The Attorney General of New York has charged H&R Block for defrauding thousands of its clients out of retirement savings by fraudulently marketing retirement savings plans. H&R Block did not have the decency to disclose that its fees were higher than any interest these accounts could earn. The fact that it was primarily low-income clients this predatory scam was being perpetrated on makes this even worse.
New York is seeking 250 million in fines, plus refunds to everyone they bilked.
The best way to defend against these kinds of unscrupulous practices is just to stick your money in the bank. Hell, just stuff your money in an old mattress and you will come out ahead, compared to what H&R Block was marketing.
Sick and greedy times bring out the worst in sick and greedy people, who would sell their own mothers' souls for a buck.
Article is here.
New York is seeking 250 million in fines, plus refunds to everyone they bilked.
The best way to defend against these kinds of unscrupulous practices is just to stick your money in the bank. Hell, just stuff your money in an old mattress and you will come out ahead, compared to what H&R Block was marketing.
Sick and greedy times bring out the worst in sick and greedy people, who would sell their own mothers' souls for a buck.
Article is here.