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Florida Doctors Ordered To Repay Their Professional Association's Profit Sharing Plan; Other Participants Allegedly Strong-Armed into Investing Their Accounts in Risky Limited Partnership
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Mar. 31, 2000
"As part of its lawsuit, the department alleged that Dr. Mays called a meeting of plan participants in April 1995, advising them their investments were not doing well and that the plan had been changed to allow participants to direct their investments. Then, he allegedly met with participants one-on-one, eventually persuading 12 of the plan participants to sign a form indicating what amount they wanted to invest in the soccer partnership."
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