Thousands of Americans, see their savings vanish

Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman Synapse.
Customers believed the accounts were backed by the full faith and credit of the U.S. government.
CNBC spoke to a dozen customers caught in the predicament, people who have lost sums ranging from $7,000 to well over $200,000.
While there’s not yet a full tally of those left shortchanged, at fintech Yotta alone, 13,725 customers say they are being offered a combined $11.8 million despite putting in $64.9 million in deposits.
For Gold and Silver Prices or to roll over your IRA/401K into precious metals, call/text Stacey @ [phone] she is a broker for Miles Franklin or email [e-mail]
Here's the link to the story : www.cnbc.com/2...
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We are not financial advisors and everyone should due their own research... we just aim to bring value, information and even some of our life experiences to everyone. Thank you, Chris and Stacey

[@jackfrost99]

I believe that FDIC stated that they won't refund those people because they're not real banks that their money was in. Yotta is not a real bank.

[@azmike1]

Most people are inherently, ignorant, and downright stupid when it comes to money.

[@bruce5895]

The gov. master plan for your wealth would go something like this ? One day you go to your bank and they say that you can only withdraw 300 for the week, all investments like stocks etc. are frozen so you can't cash them out. The gov. floods the market or pays off the national debt making the currency almost worthless, then they unfreeze your accounts and investments because now they are worthless, then the gov. does a currency reset to a different currency format, so in this process you lose all your wealth unless you have hard assets like gold and silver that just cannot be depreciated away. Will it happen, look around gov. inflation is doing it slowly already as prices continue to rise with real inflation around 14%.

[@azmike1]

Easy come, easy go.
If one actually worked for their money, one would not let go so easy.

[@rcx7093]

I agree. I'm retired and I watch what I do with my #

[@greyballer1671]

I have 50k in the bank for things I might need to pay for. My bank is local and has ten branches. I have 125k in metals. Dont want everything in metals, want some money in the bank if i need a new roof etc. Makes me nervous. Dont know what to do.

[@PhilipBelmont]

Cash is legal tender. Take it out

[@Lee86THUNDER]

I know the crypto types are potentially a trap but seeing xrp go crazy has me wishing i put more in.

[@vickiehat1074]

Are CD’s safe or not

[@curtman8921]

If there sign says bank on it they should represent everything that go's on in that bank if they are not telling you that's fraud I bet a good Lawyer could make that stick

[@TheObserver567]

I wonder about everbank and the high yield savings. I think I’m taking my funds out after hearing this

[@darrylgalvan844]

👍🏼👍🏼👍🏼👍

[@mrb706]

It's their, not there.

[@TrustGodsmoney]

Woot woot first to comment!

[@edwardwarner2109]

Good to see my well-informed friend. “If you don’t hold it, you don’t own it”. Thanks for all the research and info. Stacey is my broker and I am very satisfied.