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July 24, 2007
Many Bilked By McLean Yet To Come Forward
According to WGNS News:
"Reliable sources who wish not to be identified told WGNS News that many well-known community leaders have not come forward with lawsuits. Unfortunately, some of those who are quiet are successful senior citizens who reportedly may have used significant portions of their retirement money. Attorney Frank Fly told WGNS News, "Many lives have been ruined." According to the local filings, people would give McLean money. A promissory note in that amount would be drawn-up with an interest to be paid that was significantly higher than the going rate at the time the note was agreed upon. Rates from 8 to 20 per cent were listed on the lawsuits filed here in Rutherford County. Some officials estimate that lawsuits against Robert W. McLean could explode to more than $50-million before it's all over."
Related Posts:
Massive Ponzi Scheme Unravels in Middle Tennessee
Feds Raid Robert McLean's Office
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Posted by Rob Kiser on July 24, 2007 at 05:17 AM
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