N.Y. Attorney General Files Suit Against H&R Block Over Accounts
Charleston Daily Mail › March 17, 2006
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Summary
ALBANY, N.Y. - New York state Attorney General Eliot Spitzer sued H&R Block Inc., charging the nation's largest tax preparer with steering hundreds of thousands of people into individual retirement accounts that cost more than they earned.
The civil complaint filed in state Supreme Court in Manhattan claims H&R Block pitched IRAs to 500,000 clients, including 30,000 New Yorkers, who were "virtually guaranteed to lose money" because of hidden fees and low interest rates, Spitzer said.See the full content of this document
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N.Y. Attorney General Files Suit Against H&R Block Over Accounts
About 85 percent of those customers paid more in fees than they earned in interes...
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