An elderly Omaha woman is suing a financial adviser who she met at a retirement planning seminar. She got free lunch and investment advice for dessert. Now she claims she can hardly afford groceries.
“I feel lied to and cheated.” Eighty-three-year-old Marge Carney said the Art of Aging radio show and a seminar by its host Dale Percival convinced her to hire him as a financial adviser.
The lawsuit claims Percival pursued Marge to cash in her annuity that paid $968 a month. He then had her buy an annuity that would pay her $1,100 a month. “I said to him now are you sure this is for all my life?"
She claims he said Marge don’t worry about it, I’m taking care of you. But in May 2011 the annuity payments stopped. The lawsuit claims her retirement investment ran out after about five years.
Attorney J.L. Spray represents Marge and told her, “We want to get your money back and put you in a position you were promised.” Spray said he is seeking about $150,000.
Marge said she has to get by on Social Security and that won’t cover rent where she is living. "I don’t even have enough to move.”
Fact Finders sent messages to Percival and his attorney over the course of a week. The lawyer responded, “At this time, no comment.”