sun cities financial group I was solicited by newspaper ad for attractive interest rate for CD. My note was improperly vested and I lost $50,000 of my life savings. henderson, Nevada

Please remove your false statement. You did not lose a penny when Indy Mac closed. your mistake of putting in more than the FDIC limit was not on our instruction and more important the FDIC limits were raised to $250,000 and covered your full investment. You should thank your government

The comment on losing $50,000  is 100% false. No one has ever lost a penny from a bank CD opened from sun cities financial group! All the banks used are FDIC insured.  Verification that the depositers comments are false are available. 

With all due respect sir you should state all the facts pertaining to your report. You know FDIC Insurance at the time Indy Mac Bank failed and your deposit was $100,000.00. You wanted to invest more than that because of the high paying interest rate. Banks do not limit deposits to the insurance limit, you can deposit as much as you want but beware that in the event of bank failure you need to know your insurance limits. You signed the bank disclosures and were clearly told that your account was insured up to $100,000. You chose to deposit more and the bank failed. It is not Sun Cities Financials fault, it's not FDIC's fault and it is not IndyMac Bank's fault. You chose to deposit more than the insurance limit and it is your fault. You are an experienced CD Investor and FDIC Insured to $100,000 was noted everywhere in your paperwork, applications and disclosures.