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  • Report:  #1506530

Complaint Review: DWS Scudder

DWS Scudder They essentially stole my entire funds of over 93,000 dollars by reducing my Account No. 917700526 to zero. Kansas City Missouri

  • Reported By:
    TERRY SENSEI — `San Pedro California United States
  • Submitted:
    Mon, March 29, 2021
  • Updated:
    Mon, April 05, 2021

I had a Deutschre Managed Municipal Bond Fund-S with DWS Scudder which I have had since 1989 or so.  The December Year-End Account Statement which I received on January 7, 2021 showed and ending portfolio value on 12/31/2020 of $94,595,36. At the bottom of the Statement are the following words:  "Not FDIC Insured . No Bank Guarantee . May Lose Value"  The balance in my fund Account 917700526 is now zero and I have received no communication why they have reduced my account to nothing.  I do not believe DWS Scudder is justified in taking my entire funds without any explanation or warning.

2 Updates & Rebuttals


Jeff

Dallas,
Texas,
United States

I CAN HELP

#3Consumer Suggestion

Mon, April 05, 2021

Reach out to me as soon as you have a minute, I can help you. This is no scam either, look me up before you call or email me, I'm a real guy, haha...

Jeff Firman

469-424-3033 ext 536

Jeff.Firman@tuckeralbin.com

I won't waste any of yours or my time..

 


John

Takoma Park,
United States

Twenty years later...

#3General Comment

Tue, March 30, 2021

...you suddenly realized that this was an investment that was not backed up by the US Government?  

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