After watching court-appointed officials spend more than $600,000 of her money, Peggy Greer is returning to court to try to win it back.
Greer has filed suit in Hennepin County District Court, claiming that her former guardian and conservator failed to protect her assets, heed her wishes and otherwise fulfill their duties to look after her best interests.
In March 2005, a Hennepin County probate judge ruled that Greer, then recovering from painkiller addiction, was unable to make decisions for herself, and appointed Professional Fiduciary Inc. as her guardian and Wells Fargo Elder Services as her conservator.
Over the next two years, the guardian and conservator spent $672,000 on health costs, attorney's fees and other expenses, despite objections from Greer and other family members that the spending was excessive and unjustified.
Greer won back her rights in July 2007, after her assets were exhausted and the guardian and conservator no longer opposed their dismissal.
The lawsuit accuses Wells Fargo Bank, Wells Fargo Private Bank Elder Services, PFI and Ruth Ostrom, an attorney for PFI, of breach of fiduciary duties, which it says caused Greer "severe emotional distress."
Full Article and Source:
Out of money, Excelsior woman still fighting
See also:
Money Used Up
Greer has filed suit in Hennepin County District Court, claiming that her former guardian and conservator failed to protect her assets, heed her wishes and otherwise fulfill their duties to look after her best interests.
In March 2005, a Hennepin County probate judge ruled that Greer, then recovering from painkiller addiction, was unable to make decisions for herself, and appointed Professional Fiduciary Inc. as her guardian and Wells Fargo Elder Services as her conservator.
Over the next two years, the guardian and conservator spent $672,000 on health costs, attorney's fees and other expenses, despite objections from Greer and other family members that the spending was excessive and unjustified.
Greer won back her rights in July 2007, after her assets were exhausted and the guardian and conservator no longer opposed their dismissal.
The lawsuit accuses Wells Fargo Bank, Wells Fargo Private Bank Elder Services, PFI and Ruth Ostrom, an attorney for PFI, of breach of fiduciary duties, which it says caused Greer "severe emotional distress."
Full Article and Source:
Out of money, Excelsior woman still fighting
See also:
Money Used Up
GUARDIANSHIP RACKET'S DIRTY SECRETS
ReplyDeleteMy hope for Peggy Greer and her attorneys David Bland and Andrew Pieper that they are successful in their efforts to recover Ms. Greer's financial losses as described in her lawsuit.
I would be very interested in seeing the accounting in this case, leaving Ms. Greer impoverished. Of course, Plan A for the defendants is to shift the blame for the outrageous spending spree to the victim's family.
Isn't it suspicous and curious that Ms Greer "won back her rights in July 2007, after her assets were exhausted and the guardian and conservator no longer opposed their dismissal"?
Very best to the Greer family for their years of sacrifices and endless efforts to pursue justice.
I am hoping for a big win for Peggy Greer too.
ReplyDeleteShe shouldn't have had to "win" back her rights, either.
Peggy Greer has real spunk and I am pulling for her all the way!
ReplyDeleteGood, good, good. I like the specific charge of "breach of fiduciary duty".
ReplyDeleteIf guardians pauperize their wards, how can that be anything but breach of fiduciary duty?
The Hennepin Co. judge who granted full guardianship over Peggy Greer in the first place should be disciplined.
ReplyDeleteIf she was recovering from a pain killer addiction -- that is a temporary condition. At the most, a temporary and limited guardianship should have been granted IF no family members wished to serve or were given PoA.
Peggy Greer speaks for all victims who have been silenced and abused by guardianship.
ReplyDeleteVultures circling their prey
ReplyDeleteGo Girl!
ReplyDeletePeggy Greer is an inspiration for all those elderly people who have been taken advantage of by their court-appointed abusive guardians. Despite them taking practically everything she had materially, they didn't get her spirit!
ReplyDeleteI have heard Wells Fargo mentioned in several guardianship cases.
ReplyDeletePeggy Greer is taking on Golliath.
And if anybody can defeat him, it's her!
Line them up and knock them down Mrs. Greer!
ReplyDeleteWells Fargo never expected this! Good, it's about time a victim is able to find lawyers to go after the crooks.
ReplyDeleteReferee Richard Wolfson should take full responsibility for this case.
ReplyDelete