American pensions ervices has misapropriated over $20,000, 000.00 from client retirement accounts they have over fifty lawsuits against them and several that are going to trial. If all account holders were to demand return of their funds american pension services would be well over $25,000, 000.00 from being able to comply. Mr. DeYoung the manager (as his wife Michelle) is the owner has made several loans and investments with out getting notes signed or any type of collateral. He mades one loan of $1,000, 000.00 to a builder in arizona that was up side down and they filed a chapter 7 bank ruptcy 80 of the american pension account holders money was lost and they had not signed direction letters giving permission to use their funds. There are many, many lawsuits against american pension, just check the third distric court in Salt Lkae City. Word to the wise if you have any money with them get it out while the getting is good and you will not be able to.
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