Don Swanson (Edward Jones)
Don Swanson (Edward Jones) – Scam
My parents have been working with Don Swanson (Edward Jones) and so far, they have been getting ripped off. I’ve written this article to expose this scam. Don Swanson is a financial advisor affiliated with Edward Jones, a reputed organization that has been operating for many years. They have locations all across Canada and the US. My parents trusted the Edward Jones name but they had no idea that one of their advisors would turn out to be a fraud.
That man has been scamming them through made up fees. They pay him because they think he is handling their assets proficiently. However, he isn’t doing anything. In fact, he has only depreciated their net worth in the past few years. I have seen it happening in front of me but they trust him more than me. Don thinks it’s okay to scam people.
He shouldn’t be allowed to run a wealth management firm. No, he should be thrown in jail because of his scam. The way my parents have been losing money ever since they started doing business with him, it’s obvious that Don is doing something fishy. I suspect that he might be embezzling money from my parents. Nothing else would explain the reason behind their financial loss. The thing is, both of my parents are gullible. They easily trust people. And when someone comes in and says, “hey, I’m an experienced professional and I’ll do my best.” They think the other person is telling the truth. This review is to alert other community members and citizens. I don’t want anyone else to lose their savings or assets because of this shady guy. If you’re affiliated with Don Swanson, you should get someone to check your books. Please make sure that he isn’t embezzling money from your assets or accounts. I already have someone looking into my parent’s accounts. If I find anything, I’ll head to FINRA or SEC to report this guy. I don’t want him to get away with his scam. In any case, Edward Jones should take note of this case and end their affiliation with Don Swanson.
What is embezzlement?
Embezzlement happens when the person responsible for certain funds doesn’t use them for their intended purpose. It is illegal for wealth advisors to embezzle their client’s funds. When you give a financial advisor your money, they tell you that they will invest it. If they choose to do something else, for example, keep a chunk of it for themselves, then that would be illegal. My suspicion is that Don Swanson of Edward Jones has been embezzling my parents’ money for some time. Proving it can be really difficult but it’s better to be safe than sorry. I would like to reiterate, if you’re working with Don Swanson, please get someone to check your books. It would be better if you could do this without letting him know. Otherwise, he might get a chance to hide any evidence. Look, if you don’t find anything, then good for you. But wouldn’t it be better to be safe than sorry?
Who is Don Swanson (Edward Jones)?
Don Swason is a wealth advisor affiliated to Edward Jones, a prominent wealth management company. He is based in Missouri, USA and has been in the industry for over 40 years. He runs a team of financial advisors in Missouri. Such qualifications make him quite an attractive professional. It makes him seem like the best financial advisor in the area. That’s why writing this post was so necessary. I know how easily people can fall prey to shady financial advisors. And I don’t want people to end up like my parents.
If you or any of your friend or relatives are doing business with this man, please get them to check their accounts and assets. On the other hand, you can ask yourself this, have this man lost your money recently? What was the reason for that loss? Chances are, he lied to you. Just like he lied to my parents. Please raise awareness in the community and let others know about this. If you find anything, you should report it to FINRA or SEC. It surprises me that they haven’t taken any action against this man.
If you're a client of Don and have received lower (or negative) returns from them recently, please get a third-party to check your books. Embezzlement is difficult to prove but it's better to be safe than sorry.