retiree who has dementia was bilked out of more than $400,000 by her financial adviser, who used the money to fund her film production company, according to a lawsuit filed by the Cook County public guardian’s office.and Bronzeville and a retired certified nursing assistant, began working with Citibank financial adviser Helen Caldwell in early 2017, according to a lawsuit filed two weeks ago in Cook County Probate Court.
"She moves into assisted living and all of the sudden large checks start getting made payable to Canal Productions, checks running as high as $75,000," Golbert said."It’s outrageous. [Caldwell] had a fiduciary duty to Ms. Eddings, who did not receive any benefit whatsoever from the checks she wrote to Canal Productions," Golbert said.
Guardianship was ultimately granted to Golbert, who filed a lawsuit that asked the court to force Caldwell and Citibank to hand over all information regarding Eddings’ assets. It’s the first step in a process seeking return of the money, Golbert said.
Disgusting. Citi will pay for this.