Retirees Stranded as Savings Remain Trapped in Lindberg's Firms.

1 min read
Source: The Wall Street Journal
Retirees Stranded as Savings Remain Trapped in Lindberg's Firms.
Photo: The Wall Street Journal
TL;DR Summary

Thousands of retirees are unable to withdraw their savings invested in firms controlled by indicted financier Greg Lindberg, as accounts worth $2.2 billion are frozen while legal battles continue. Lindberg claims to have offered a solution that was rejected. This has caused financial distress for many retirees who are now unable to access their funds, leading to unplanned-for catastrophes in retirement.

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