I'm compiling a list of finance related blogs that might be interested in adding a post about the lawsuit against EverBank and the millions of dollars that have been lost by purchasers of their WorldCurrency CDs. Perhaps by getting the word out we can prevent others from losing money by investing with this bank. Please consider emailing any finance related blog that you read with links to the Everbank Lawsuit Info as well as this blog.
To that end, I have edited EverBank's Wikipedia entry (which apparently was composed by their public relations department) with information about the lawsuit. Everbank on Wikipedia
This blog was created as a clearinghouse of information for people who have invested in Everbank's Icelandic krona foreign currency "certificates of deposit".
3 comments:
I edited the Everbank Wiki last year, to remove fallacies and blatant corporate tampering, but somehow they managed to get take control of the Wiki again.
See http://www.everbanklawsuit.com/CaseNotes1.html
Everbank World Markets initially promised investors that the "currency conversion rate will be within 1% of the wholesale spot price we pay for your currency".
Shouldn't investors have a right to demand that Everbank World Markets show them the actual wholesale spot prices that were used in each currency conversion event?
Sadly, deep-pocketed Everbank's lawyers ultimately prevailed in the court, and the Court dismissed the case, i.e. ruled against the depositors/investors.
See: http://everbanklawsuit.com/downloads/110413%20ORDER%20on%20Motions%20for%20SJ.pdf
Post a Comment