broker stole money and invested it into his own investments

[barjam]

What is the name of your state (only U.S. law)? arizona
my financial advisor illegally (forged my signature) withdrew
$200,000 from an annuity I have. He used the money to
invest into an LLC he and two others formed for the purpose
of investing into a China, Nigeria oil deal. I was not
included into this investment. When I discovered the missing
funds, I contacted the annuity company to ask what
happened to them, finding out it was my advisor.

The $200,000, according to the advisor, will generate between
$800,000 to a million a year for the LLC. He seems to think
that if they pay me the $200,000 back plus the income
tax I'll have to pay on the withdrawal, all of it is taxable, the
penalty I had to forfeit to the annuity com, the loss of the
bonus I would be receiving down the road and $50,000 that all
should be ok. Without the $50,000, they would owe me
the $200,000 plus $132,000. As a group they invested $250,000
beyond my money. According to the advisor's figures they will be
realizing an annual income of 2 million to 2.2 million. It is my opinion
that their offer is not adequate, that I deserve a portion of the
annual income as well, please advise. I should add that I don't
think this investment will ever emit a return

 

[Hot Topic]

What is the name of your state (only U.S. law)? arizona
my financial advisor illegally (forged my signature) withdrew
$200,000 from an annuity I have. He used the money to
invest into an LLC he and two others formed for the purpose
of investing into a China, Nigeria oil deal. I was not
included into this investment. When I discovered the missing
funds, I contacted the annuity company to ask what
happened to them, finding out it was my advisor.

The $200,000, according to the advisor, will generate between
$800,000 to a million a year for the LLC. He seems to think
that if they pay me the $200,000 back plus the income
tax I'll have to pay on the withdrawal, all of it is taxable, the
penalty I had to forfeit to the annuity com, the loss of the
bonus I would be receiving down the road and $50,000 that all
should be ok. Without the $50,000, they would owe me
the $200,000 plus $132,000. As a group they invested $250,000
beyond my money. According to the advisor's figures they will be
realizing an annual income of 2 million to 2.2 million. It is my opinion
that their offer is not adequate, that I deserve a portion of the
annual income as well, please advise. I should add that I don't
think this investment will ever emit a return

So you don't mind the alleged theft of the money from your annuity as much as you do the fact that your cut of the investment will not be as big as you think it it should be.

And your question is?