Jack Davis Mystery - 01 - Shakedown - Plot & Excerpts
Grisnik said. We drove past Kansas City International Airport. The Platte City exit was only a few more miles north. “Rice sold insurance, stocks, bonds—any kind of investment you wanted. Had his own company, a one-man operation. A buddy of his did outplacement consulting. One of his big clients offered early retirement to its employees with at least twenty years of service. A lot of them took the deal, which meant they had profit-sharing accounts they had to roll over.” “Rice’s buddy hooked him up with the retirees?” “It was a sweet deal for Rice. Most of these people didn’t know their ass from third base when it came to investing. The stock market was hot so anyone with a series-seven license and a computer looked like a genius.” “Market cooled off,” Grisnik said. “It’s called a correction.” “I remember. I got corrected right up my ass. Put my retirement off by at least five years.” “Same thing happened to Rice’s clients. Except they hired a lawyer who told them she could get their money back because Rice put them all in high-risk, high-tech stocks that were inappropriate for their retirement plans.
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