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ANATOMY OF A FINANCIAL FRAUD
May 11, 2008 - William "Jay" Zubick was issuing change orders almost as fast as his
contractor in Idaho could write them down. Battling a serious heart infection, the 42-year-old
investment counselor and Ironman triathlete decided in January 2007 that rather than return to
his home in an exclusive gated estate community on California's Monterey Peninsula, he
would take his wife and four children to the lakeside home he was having built in Coeur
d'Alene to convalesce.
Zubick's small circle of clients worried—not just about their investments but about Zubick too.
He had become such a good friend to many of them that they threw him a party for his 40th
birthday and sent him and his family on an all-expenses-paid vacation to Mexico. But when the
endocarditis became so serious that he was sent to Stanford University Hospital, several
clients who had formed an investment partnership decided to exercise a clause in their
agreement that granted them access to Zubick's office should he become incapacitated.
Click the red link above to continue the story.
Source: U.S. News and World Report
May 11, 2008 - William "Jay" Zubick was issuing change orders almost as fast as his
contractor in Idaho could write them down. Battling a serious heart infection, the 42-year-old
investment counselor and Ironman triathlete decided in January 2007 that rather than return to
his home in an exclusive gated estate community on California's Monterey Peninsula, he
would take his wife and four children to the lakeside home he was having built in Coeur
d'Alene to convalesce.
Zubick's small circle of clients worried—not just about their investments but about Zubick too.
He had become such a good friend to many of them that they threw him a party for his 40th
birthday and sent him and his family on an all-expenses-paid vacation to Mexico. But when the
endocarditis became so serious that he was sent to Stanford University Hospital, several
clients who had formed an investment partnership decided to exercise a clause in their
agreement that granted them access to Zubick's office should he become incapacitated.
Click the red link above to continue the story.
Source: U.S. News and World Report
