The Oxford Club warns of Reverse Mortgage Scams Targeting Seniors

The Oxford Club newsletter has warned the reverse mortgage scam. This is a scam that targets seniors in the society. The scam is a lethal one as it is being orchestrated by professionals who are expected to be the ones offering services to these senior members of the society. These professional have been taking advantage of the seniors who are in need of funds. In the history of elderly people scamming, the key architects of such plans are the close family members, personal lawyers, caregivers, and doctors. However, there is another group of people who have joined this league. These are the financial experts. Financial planners, contractors, and realtors are the new entrants to this list of shame.

What is reverse mortgage? This is a scheme where a homeowner sells their homes and in return, they are to be given a certain amount of money at a certain age (retirement). This is a move that is undertaken as a way or securing the retirement age financial needs. The scammers have been using an approach where they take advantage of the old people by promising that they would make repairs to their homes of which they do not. They then wait until these elderly people die when they resurface claiming that they would like their repairs dues paid. The money that is meant for the reverse mortgage is passed to the contractor once the homeowner applies for the reverse mortgage. Elderly homeowners need to be protected from these contractors who have been deceiving them so that they could end up with their home equity.

About the Oxford Club

This is a network of private investors whose aim is to help each other grow and protect their wealth. Oxford Club wishes to help its members establish a long-lasting wealth. Oxford Club offers financial advice to people as they head into the retirement age to avoid such misfortunes such as the reverse mortgage scam from happening to them.

The Investment Undertakings of Brian Bonar

Brian Bonar is a professional who has made significant accomplishments in the finance and investment industries. He has always been an important player in the growth of Trucept where he acts as the CEO and chairperson. Bonar has been hired as a finance specialist for various companies, and this has allowed him to better his skills and experience in the industry.

His career success has been attributed to his excellent career background. Brian studied at the James Watt Technical College where he was awarded a bachelor’s and a master’s degree in mechanical engineering. He worked at IBM at as a procurement manager for about 16 years. Bonar has also had an opportunity to work for companies such as Rastek Corporation, QSM, and Adaptec.

In 1994, Mr. Bonar started engaging himself in entrepreneurship undertakings. He was the proprietor of Bezier Systems where he served as the chief executive officer. Brian was an excellent administrator at the enterprise and assisted in the development of the company’s pioneer SCSI-based printer. After a while, he left the firm and was appointed by Itec Imaging Technology to serve as its deputy president for sales and marketing.

He late moved to Allegiant Professional Business Service’s and served as the president of the corporation. Bonar was an administrator of the firm for a few years and later established another business that was known AMS Outsourcing.

Apart from being a top administrator at Trucept, Brian has also been the CEO and president of Dalrada Financial Service. He was offered the positions in 1999 and has been ensuring that the firm’s clients receive excellent finance services. Bonar has played a significant role in the management of the company’s sales and business strategies. Trucept was developed in 2011, and he has been in charge of supervising its human resource management undertakings.

According to San Diego Magazine, Brian Bonar is also an expert in conducting merger and acquisitions. He has managed to make significant accomplishments in the field due to his innovations and the friendly approaches that he uses in managing transactions. Brian is an excellent leader and has devoted himself to working in collaboration various business partners, project associates, and clients. He has made personal investments in aviation and commercial housing projects.

The career of Mr. Bonar has been successful due to his excellent work ethics and determination. He has been recognized through different awards. In 2010, he was acknowledged by being named as the winner of the Executive of The Year Award in Finance in Cambridge Who’s Who awards.

The reward’s main aim is to appreciate the excellent performance of various professionals who serve the finance industry. The individuals need to have remarkable leadership abilities, academic qualifications, and career success for them to be honored. Brian Bonar has invested in an excellent eatery that is known as Bellamy’s Restaurant.