Your 'Financial Coach' Could Screw Up Your Life
You could wind up buying a house you can’t afford, or worse
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Anyone can call himself a life coach. Gordon Grigg, for example.
He called himself a “life and financial coach,” comforting clients with personal problems and promising to put them in safe investments with high returns. After 13 years, more than 60 clients learned they had been coached out of more than $6 million in a Ponzi scheme. “I did steal their money,” Grigg admitted in federal court in 2009. “I did take advantage of emotions.” He’s serving a 10-year prison sentence.