What is the story about?
What's Happening?
A federal worker in Miami has reported losing $3,000 to a retirement consultant who promised assistance with disability benefits but failed to deliver. Despite filing police reports and a lawsuit, the worker has been waiting for 18 months without resolution,
raising concerns about the consultant's credibility.
Why It's Important?
This situation highlights potential vulnerabilities in the retirement planning industry, particularly for federal workers seeking assistance with disability benefits. The case underscores the importance of vetting consultants and the need for regulatory oversight to protect consumers from fraudulent practices.
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