Michael D Allard (Calbay Investments) Scams Old Folks. He lost My Dad His Retirement Funds and Vanished.
Michael Allard convinced my dad to invest his retirement funds in a shady enterprise. My dad had hired Michael to manage his retirement funds and his 401k. You might know Michael as the principal of CalBay Investments.
He lost my dad a lot of money by advising him to invest in a shady company. The company he had recommended to my dad went bankrupt in a few months, and my dad most of his retirement funds.
When my dad and I tried to confront him for his mistake, he vanished. I mean that literally. His people started making excuses such as ‘He is gone somewhere or he is unavailable for weeks’. He started avoiding us when he realised that he was caught……….