So $51k of my money went missing....
Very ominous thing happened today. Perhaps its no big deal. But I'm concerned.
Some of my retirement $ was in an old 401k plan with a former employer. I rolled it over to an IRA when I left the company, but the owner of my former company was still listed as an account administrator. Vanguard stopped offering the type of account in question (sorry, I don't have further info about that yet), so my former boss had the funds transfered to a pooled account. I do not have access to this account. I spoke with another employee, and the same thing happend to their account.
I tracked the guy down today, and he promptly returned my call. He told me that I would be getting a roll over check to take elsewhere.
I am extremely suspicious of this individual. His former company went bankrupt, and he left a pile of unpaid bills. He's a total BS artist. Am I correct in being wary of the situation? Whats to prevent this guy from just liquidating the account and skipping town?
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