He had 250K invested and was expecting 4K a month in returns. That's nearly 20% interest year over year! If you are expecting those kind of returns you can har

He had 250K invested and was expecting 4K a month in returns. That's nearly 20% interest year over year! If you are expecting those kind of returns you can hardly be surprised when you lose _all_ your money. We don't know if it was a con or a bad risky decision. Either way, it is a sad story but still.... if you get to that age and life/management experience and expect the above to reliably happen (regardless of what someone tells you) it's not a wonder when you wind up in poverty.