Our family was scammed by Glyn Richards. I was introduced to him back in November of 06, he seemed trustworthy and I felt he wanted to help us out. I asked different people who were involved and they all had positive experiences and were making good money on their investments. I had taught Glyn’s older son and I believed he was sincere when he said he wanted to help me out in part for being good to his son. I took a risk by taking equity out of our home, at the time I felt confident I was making the right decisions. Along with myself, my brother-in-law invested with Glyn at the same time, he had to take the equity in his house and borrowed a lot of money. Around January of 07 we were supposed to get out first check, but Glyn explained to me on many occasions that the government was holding funds, and this is exactly what we were reading in the papers and hearing on the news. We both received a check around March and Glyn told us to hold it for 10 days since he was receiving a large check in the next few days. (Now I know that he said that a lot). I never felt that it was a red flag because Glyn explained it and I felt comfortable. In my mind I totally disregarded that check that I never benefited from as part of the delay. I was blinded by his lies and now have questioned many things that occurred over the last 8 months. As the next few months went on, we still received no checks, it was hard to deal with since we were paying so much extra in interest each month, but I figured we would struggle for a few months and then it would all pay off. The fact that our family (2 small kids as well), lost this money is a hard pill to swallow, and knowing my brother in law is in the same situation makes it that much harder. When it is all said and done it is just money and although it sets us back for many years we will get through it. It has also made it even more clear how important my wife and kids are to me. The part that makes me even more sick is the fact that I introduced Glyn to a very good friend of mine. I was excited about the chance to put our family ahead and I wanted his family to benefit as well. My friend, his wife, and 2 kids are obviously struggling with this and it tears me up everyday. I know there will probably be a strain in our relationship, due to the magnitude of the situation and since there were things that occurred that we should have discussed, but at the time I just believed in what we were doing. That just makes the whole situation even worse. In May of 07 I talked about this with my father, since the prospect of helping my parents future retirement was intriguing. The only reason I didn’t get him involved (thank God!) was that towards the end of May and the beginning of June things started getting really weird. I think about this very day and it is hard to focus on everyday life. Glyn Richards has hurt a lot of families, hopefully everyone involved will be able to dig themselves out of this mess.
– Just Another Victim