James Wood Private Professional Fiduciary AKA Sage Resources
Complaint 1159 Details

This man is a Private Professional Fiduciary who had full control of my Trust Fund and all money that was in it, he had all control and I depended on him to be honest with me and to only pay himself what he was owed. He over charged himself every month by paying himself $150-$400 a month which was way over what he was owed, he said his fees were $100 and hour and the work he did every month was only 10 minutes worth, maybe 20 minutes at most. I did all receipts and bills for him I added them up and sent them to him monthly on my own to ensure that everything would come out right and that there was no room for mistake. Not only did he overpay himself with no real explanation as of why, he also withheld my bank statements from me for 4 months and then finally gave them to me and they were copies with altered information on them. He used my bank card for my Trust Fund for his personal expenditures and withdrew money from my account and said it was all an accident and that he refunded it to me, but this is not true, because now that the trust is supposedly finished I added everything up and am $1,049 short, and I did the calculations several times. He is a con artist, and he also opened High Yield Savings accounts and Money Market accounts which cost a lot of money and he never informed me of any of this he kept it from me and the reason being is because these accounts earn a high amount of interest compared to regular accounts and the money that was earned off of these was never given to me either, he pocketed that as well. On the statements I did see there is activity in which he was using my ATM card for DMV purchases, Branch withdrawls of hundreds of dollars, ATM withdrawls in random locations, and other personal things. He said it was an accident and that my account was linked to his main account and all of his client's trust funds were so that's why this happened, that is ridiculous and totally a bogus lie. On top of him taking money he never repaid it and said he reimbursed me. He never did, and I am short $1,049 that I am 100% sure of not to mention anything else he may have snuck by me, but this is absolutely for sure.I hope he doesn't have the chance to do this to some other innocent person that needs someone to guard their money, because he preys on people that he doesn't think will catch on.