- Report: #1086800
Report - Rebuttal - Arbitrate
Complaint Review: Sherrie Shruti Kohli - Chase Financial Services
Sherrie Shruti Kohli - Chase Financial Services502 N. Las Posas Road Camarillo, California USA
Sherrie Shruti Kohli - Chase Financial Services J.P. Morgan Chase Bank, Chase Investments Services Corp., Shruti Sherrie Kohli Financial Elder Abusing Criminal - Shruti Kohli PREYS on & Victimizes the Elderly Camarillo California
*Author of original report: Sherrie Shruti Kohli & Chase Bank are criminals
*Author of original report: UPDATED - Kohli Deposition Even Worse than Originally Reported!!
*UPDATE EX-employee responds: Obviously False Information
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Shruti "Sherrie" Kohli of Chase Financial Services or Chase Investment Services is an financial elder abusing criminal. J. P. Morgan Chase Bank, N.A. provides Shruti Kohli with financial information of their banking customers and steers their elderly customers to Shruti Kohli for "investment" advice.
Shruti Kohli then "cons" or convinces these elderly clients to "invest" in deferred annuities that have a ridiculously long period of time to mature that is well beyond the client's or any person's life expectancy. Moreover, these deferred annuities have substantial penalties for early withdrawls.
Sherrie Kohli, obviously, reaps a substantial windfall by selling these deferred annuities by way of commissions. The deferred annuities are poor investment decisions, in most cases.
J.P. Morgan Chase Bank, N.A. moves, and has moved, Shruti Kohli from branch to branch to branch, from Santa Barbara to Ventura, to Camarillo, to allow her to harvest or "cherry-pick" Chase's elderly customers with large cash deposits held by Chase Bank. Shruti Kohli then contacts these potential victims and persuades them to purchase a long-term deferred annuity without presenting other, more suitable, financial investments.
In one case, Shruti Kohli conned a 76 year old individual with obvious into "investing" their entire savings of $200,000 into a 29 year deferred annuity which meant that the person would have to live to be 104 years old before the annuity matured. Moreover, the 76 year old person was left with no money to pay bills or expenses and would incur substantial penalties for withdrawing any money from the annuity.
Shruti Kohli accomplished this con by telling the 76 year old person that there was a problem with their bank account and that transferring their money they would receive a higher rate of interest. Shruti Kohli exemplifies the worst financial advisor that directs "clients" into unsuitable investments so that she can reap the greatest commission.
This report was posted on Ripoff Report on 09/23/2013 09:13 PM and is a permanent record located here: http://www.ripoffreport.com/r/Sherrie-Shruti-Kohli-Chase-Financial-Services/Camarillo-California-93010/Sherrie-Shruti-Kohli-Chase-Financial-Services-JP-Morgan-Chase-Bank-Chase-Investments-1086800. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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