A little knowledge can lead to disaster. (Allan Viscardi)

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A little knowledge can lead to disaster.  (Allan Viscardi) - SATURDAY, MAY 9, 1998 if Susan Antilla A little...
SATURDAY, MAY 9, 1998 if Susan Antilla A little knowledge can lead to disaster NEW YORK We may have to take it all back that stockbrokers stockbrokers can cause the worst imaginable imaginable wreckage in your financial life. Certified public accountants with a license to give investment advice can out-ravage out-ravage out-ravage even the broker short on cash for his next swimming pool payment. Or so say 12 investors who have sued a former accountant for losing more than a million of their dollars dollars in dangerous, illiquid investments investments that blew up on them big-time. big-time. big-time. At a securities arbitration hearing scheduled for June, former accountant Allan Viscardi will face the adversaries who say he parked their money in dicey private placements that went bust. Among the gems: Grandy's Caribbean Project, a partnership setting out on its first venture (it went bankrupt), and several private private offerings of G&W Financial Corp., one of which Viscardi said in writing would be "a rather conservative double in two years." All are worthless, the suit says. This isn't an isolated case. "People say, 'I can trust my accountant accountant on how to handle my money.' Accountants are supposed supposed to be impartial," says Philip Philip A. Feigin, the Colorado securities securities commissioner. Viscardi, whose business card identified him as partner at "Financial Alternatives, an Affiliate Affiliate of Gramkow & Carnevale CPAs," shared office space with Gramkow & Carnevale in Orad- Orad- Mease see ANTlLUV2iS i ', i

Clipped from The Palm Beach Post09 May 1998, SatPage 89

The Palm Beach Post (West Palm Beach, Florida)09 May 1998, SatPage 89
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  • A little knowledge can lead to disaster. (Allan Viscardi)

    robbitd – 21 Apr 2017

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