Mr. Samuel Scott of Able 2 Lend and T & S Loan convinced us to transfer our retirement and children's college money to First Regional Bank IRA account to be used in an investment. It turned out to be a Ponzi scheme type of investment. First Regional Bank had red flagged the investment and 1099 us as a result. Now our boys have no fund for school and we are out of our retirement. Samuel Scott also borowed and embezzeled money from our business. He will not return our calls and if contacted states he does not know us. He is also involved in a bad business deal we were in and helped the ex-partner in relocating my company assets to a new location. Amount lost was at least $60,000.00.
Mr. Samuel Scott also convinced our friend to transfer his retirement fund to First Regional Bank IRA account to be used in an investment. $40,000.00 in the same Ponzi scheme and $1800.00 in cash. Which resulted in the same action of being 1099 by First Regional Bank.
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