Investment Fraud | Illegal Investment Practices

H&R Block IRA Fraud News

More H&R Block Charges in New York

RSS News Feeds
Investment Fraud
H&R Block IRA Fraud
 All RSS Feeds

At a glance:

New York Attorney General Eliot Spitzer amended his lawsuit against H&R Block, saying he has evidence that not only did the company knowingly sell a poor investment product to its clients, but actively penalized tax preparer employees who expressed concern about this product, even threatening them with dismissal if they did not sell adequate quotas. 
 
Spitzer wants H&R Block to stop selling the Express IRAs, over 85% of which have fees which are higher than profits and to pay damages and civil penalites. The company so far stands by its investment product.

Spitzer: H&R Block Knew of Bad Advice

SmartPros Accounting - 5/10/2006 12:19 AM

May 10, 2006 (Associated Press) — New York Attorney General Eliot Spitzer on Monday said he has evidence that H&R Block executives not only knew they were pushing customers to buy money-losing retirement account plans, but penalized employees who refused to recommend them.
 
Spitzer amended his March suit against the giant tax preparation company with copies of e-mails that he said show managers disregarded complaints from tax preparers about misleading marketing of the retirement product called Express IRA. The internal documents also showed that tax preparers were told "sell more IRAs" or "there's the door."
 
· Read The Full H&R Block IRA Fraud Article From SmartPros Accounting -->

· Read All H&R Block IRA Fraud News Stories -->

Comments On H&R Block IRA Fraud News Articles:


No Current Comments
Posted by Admin on 3/20/2006

There are no current comments. Why not post one?

Leave a Comment:

Once you click the 'Save Comment' button, you will receive a verification email from our website. Be sure to change any spam settings to allow webmaster@lawsuitsearch.com as a trusted sender.
 
If you are already a member, you can Sign In Here.
 
You can create your own FREE user account that you can use to participate in our message boards, blogs, newsletters and other community activities such as this one. To get your FREE user account, click here.

Email Address:

Your Name:

Message Title:

Message: