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Report: #1506530

Complaint Review: DWS Scudder - Kansas City Missouri

  • Submitted:
  • Updated:
  • Reported By: TERRY SENSEI — `San Pedro California United States
  • DWS Scudder Kansas City, Missouri United States

DWS Scudder They essentially stole my entire funds of over 93,000 dollars by reducing my Account No. 917700526 to zero. Kansas City Missouri

*Consumer Suggestion: I CAN HELP

*General Comment: Twenty years later...

Show customers why they should trust your business over your competitors...

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I had a Deutschre Managed Municipal Bond Fund-S with DWS Scudder which I have had since 1989 or so.  The December Year-End Account Statement which I received on January 7, 2021 showed and ending portfolio value on 12/31/2020 of $94,595,36. At the bottom of the Statement are the following words:  "Not FDIC Insured . No Bank Guarantee . May Lose Value"  The balance in my fund Account 917700526 is now zero and I have received no communication why they have reduced my account to nothing.  I do not believe DWS Scudder is justified in taking my entire funds without any explanation or warning.

This report was posted on Ripoff Report on 03/29/2021 04:57 PM and is a permanent record located here: https://www.ripoffreport.com/report/dws-scudder/kansas-city-missouri-stole-no-1506530. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#2 Consumer Suggestion

I CAN HELP

AUTHOR: Jeff - (United States)

POSTED: Monday, April 05, 2021

Reach out to me as soon as you have a minute, I can help you. This is no scam either, look me up before you call or email me, I'm a real guy, haha...

Jeff Firman

469-424-3033 ext 536

Jeff.Firman@tuckeralbin.com

I won't waste any of yours or my time..

 

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#1 General Comment

Twenty years later...

AUTHOR: John - (United States)

POSTED: Tuesday, March 30, 2021

...you suddenly realized that this was an investment that was not backed up by the US Government?  

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