Virginia Personal Injury and Medical Malpractice Blog

Suze Orman Sued for Fraud -- Read the Fine Print

Looks like Suze Orman is finding herself in a bit of hot water out in California. She's being sued for "civil fraud, conspiracy and breach of fiduciary duty" for an insurance deal she set up in 1999. She was the insured's financial advisor AND insurance salesperson, talk about conflict of interest. Check out the article, linked above, and you'll see what I mean.

It's not all negative though. This provides an important lesson to those purchasing insurance plans. The fancy brochure used to sell this policy said one thing and the fine print said another - typical stuff. The sales people don't even know what they're selling. Always make sure to read your policy thoroughly, especially the fine print, and if need be, get an attorney to help you do so.